Kalshi’s 15-minute gold markets pass Ether weeks after launch
Kalshi’s newly launched 15-minute gold markets moved ahead of comparable Ether contracts in September, according to data cited in the report. Predict Charts estimated that gold logged 542 million contracts and roughly $5 million in fees during the month, versus 318 million contracts and $2.6 million for Ether. Bitcoin remained well ahead, generating an estimated $60.4 million in fees. The report says the gold products, launched in August, let traders bet on whether gold will rise or fall over 15-minute intervals. Their quick rise came as Kalshi’s broader commodities business expanded. The company said in September that commodities volume reached $400 million within seven months, more than four times what its crypto markets had generated at the same point. Separate analysis from InGame found that short-duration crypto, commodity and financial markets generated $20.4 million in fees in the seven days through Oct. 5, making up 80% of Kalshi’s non-sport fees over that stretch. The same analysis said these markets represented 13% of platform trading volume but 20% of fees, reflecting Kalshi’s odds-based fee structure.
