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Prediction markets exploded in Q1 2026.
One catalyst — sports dominance (mostly thanks to the SuperBowl)
For comparison:
> Q4 2025 volume: ~$43B, up 2x YoY, with Kalshi at $16.8B, and Polymarket ~$14B
> Q1 2026: ~$30B so far, Jan alone hit $23B total (Kalshi $9.5B, Polymarket $7.7B), with weekly peaks over $6B
Open interest:
> Q4 2025 ~$900M+ network-wide (Polymarket $350M, Kalshi $343M)
> Q1 2026 pushing ~$1.2B+ (Polymarket $412M, Kalshi $534M)
January alone almost matches Q4 2025's figures.
Acceleration is happening.