Bitcoin Bettors Push Kalshi and Polymarket to a Record $2.7B Week

Crypto Insight Summary: Crypto contracts on Kalshi and Polymarket hit a record $2.7 billion in weekly volume, driven mostly by short-term bets on where bitcoin heads next. What Set the Record Exactly? Weekly notional volume in crypto-related contracts on Kalshi and Polymarket reached a record $2.7 billion, with most of that money going into short-term bets on bitcoin […] Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Record volumes in BTC betting platforms reflect increased trading activity but don't directly move crypto prices.