Prediction Markets Hit Record $31 Billion Volume on World Cup Betting

While Kalshi dominated the headlines, the broader ecosystem saw significant movement. Polymarket’s international exchange reached $10.8 billion, successfully reversing a two-month decline. Even new entrants found a foothold; Rothera, a joint venture between Susquehanna International Group and Robinhood, secured 7% of the U.S. market with $2 billion in volume during its inaugural month.

Despite these figures, industry analysts remain cautious about the sustainability of such activity. Asaf Meir, CEO of Solidus Labs, noted that investors are monitoring these platforms to determine if they can maintain high-volume stability outside of major global sporting spectacles. The challenge for these exchanges is to demonstrate that their current performance is a structural breakthrough rather than a temporary anomaly fueled by a singular event.