Update
Kalshi Sets Back-to-Back Daily Volume Records
Kalshi, a digital asset trading platform, set back-to-back daily volume records over the weekend, reaching $3.91 billion on Saturday and $3.96 billion on Sunday. Parlay-style combos, which make up about 70% of both days, were most of the volume. Kalshi's daily market data, which runs on U.S. Eastern time, showed $3.91 billion in notional volume on Saturday, October 10, and $3.96 billion on Sunday, October 11, both above the previous high of $3.68 billion set on Sunday, October 4. The rise in combo volume, particularly from long-shot parlays, accounted for about three-quarters of Saturday's increase over the previous Saturday and 86% of Sunday's. The platform's 15-minute bitcoin markets also saw significant trading volumes, reaching $229 million on Saturday and $234 million on Sunday. Kalshi also announced it would end its Volume Incentive Program, which pays traders a share of per-market rewards, no earlier than October 13, nearly a year before its scheduled end date of October 1, 2027.