Prediction market platform Kalshi recorded 542 million contracts traded in its 15-minute gold market in September, with estimated fees of about $5 million, according to Odaily, citing Cointelegraph. That put the gold market ahead of Kalshi’s Ethereum market, which posted 318 million contracts and about $2.6 million in estimated fees over the same period. Kalshi’s Bitcoin market remained far larger by revenue, with estimated fees reaching $60.4 million in September. The 15-minute gold contract launched in August and lets traders bet on whether gold will move up or down within a 15-minute window. Kalshi also said its commodities volume hit $400 million within seven months of launch, more than four times the trading volume of its crypto markets over the same period. In the seven days through Oct. 5, estimated fees from 15-minute crypto, commodities and financial markets reached $20.4 million, accounting for 80% of the platform’s non-sports fees. Those markets contributed 13% of trading volume and 20% of fees.
Prediction market platform Kalshi saw 542 million contracts traded in its 15-minute gold market in September, generating an estimated $5 million in fees, according to Odaily, citing Cointelegraph.
That was higher than Kalshi’s Ethereum market over the same period, which recorded 318 million contracts and about $2.6 million in estimated fees.
Kalshi’s Bitcoin market still led on fee generation in September, with estimated fees reaching $60.4 million.
The 15-minute gold contract launched in August. It allows traders to bet on whether gold will rise or fall within a 15-minute period.
Kalshi said its commodities trading volume reached $400 million within seven months of launch, more than four times the volume of its crypto markets during the same period.
In the seven days through Oct. 5, estimated fees from 15-minute crypto, commodities and financial markets totaled $20.4 million, accounting for 80% of the platform’s non-sports fees. Those markets contributed 13% of trading volume and 20% of fees.
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