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NewsSignals AI analysis·Via WU_BLOCKCHAIN·

Bitcoin Price Bets Help Push Weekly Crypto Volume on Kalshi and Polymarket to Record $2.7B

Grade Bbullish AI signal$BTC
Weekly crypto-related prediction market volume on Kalshi and Polymarket hit a record $2.7 billion, fueled mainly by short-term Bitcoin and other crypto price bets. Crypto contracts now rank second only to sports on both platforms, while Coinbase is expanding into prediction markets through an offering powered by Kalshi. The record activity could accelerate crypto prediction market growth, though legal challenges to sports contracts in several U.S. states may complicate further expansion.

Bullish strength: 65/100

  • Weekly crypto-related contract volume reached a record $2.7 billion.
  • Crypto ranks second only to sports on both prediction market platforms.
  • Coinbase is expanding into prediction markets through an offering powered by Kalshi.

Bearish strength: 35/100

  • Legal challenges to sports contracts in several U.S. states could discourage crypto exchanges from expanding into prediction markets.
  • The article reports declining spot trading volumes, suggesting weaker activity in traditional crypto exchange markets.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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