Crypto prediction market contracts jump 44x to $218M daily

The surge signals that traders are using prediction markets as an alternative to derivatives and spot markets for expressing views on crypto catalysts, according to the report. This could draw regulatory attention as the market expands, given Kalshi's status as a regulated platform.

For Bitcoin traders, the rise in prediction market volume adds a new data point for gauging sentiment around specific events like ETF inflows or Federal Reserve policy decisions. The report noted that the trend could accelerate as Kalshi and other platforms list more contract types tied to crypto events.