Company
Data provider cited for prediction-market volume across 12 platforms, including $9.50 billion on August 16.
Harneys and dropRWA plan to issue tokenized catastrophe bonds from Bermuda in early 2027, into a market that held $65.6 billion in June. Each token would represent legal ownership, and securities and insurance rules still apply.
Reality
Whales sent about $30 billion of stablecoins into crypto markets in September, yet Binance's reserves ended $1.8 billion below their September 8 peak. Much of it looks like trading collateral bound for derivatives venues while retail use shrinks.
Reality
Kalshi took $15.8 billion of the $20.4 billion prediction markets traded last week, per Artemis, the first week above $20 billion. It books each contract at its $1 payout, so the record counts payouts written, well above the cash traders put at risk.
Reality
A former quant put $538.6m of 24-hour volume beside $3.1m of open interest on Kalshi's ether perpetual and called it proof of wash trading. Kalshi's crypto lead answered that the dollar sign means notional payout.
Reality
Artemis put Kalshi at 96% of non-sports prediction-market volume in the week to Sept. 13, up from roughly half in early June. The contracts its brokerage partners lead with settle inside sixty minutes.
Reality
Artemis put outstanding loans on Coinbase's Layer 2 at a record $2.75bn on September 10, and roughly $1.92bn of that sits in Morpho vaults reachable through Coinbase's own borrowing screen at advertised rates from 5%.
Reality
trade.xyz has put fully collateralized outcome contracts on a Hyperliquid book that has traded more than $460bn since January, and its own deployer fee sits at zero while it learns whether perp traders want to price events.
Reality
Open interest reached $14.669bn while builder-deployed HIP-3 markets shrank by about $200m, so core perps added roughly $4bn in a month, and core routes about 99 per cent of its fees into HYPE buybacks.
Reality
The sector's own figures put genuine stablecoin payments near $390 billion a year against $208 trillion of cross-border flow, and the ceiling on that ratio sits in bank licensing and local rails rather than in the chains.
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A16z crypto traces the demand back to a 2002 deposit decree and a $200 monthly purchase cap, which means the product Argentines buy on these apps is dollar access, and access now costs about 4% more than the bank's.
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Connecticut wants Hartford and its own consumer protection statute; Kalshi wants the Commodity Exchange Act, and it removed the case within hours. One district judge has already rejected the preemption argument.
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Two records on the same August 19 session, eleven weeks after perps launched. Only one of them says anything about what traders were willing to hold overnight.
Reality
A CFTC-designated exchange wants a federal judge to rule its sports contracts are swaps. The answer decides which states a venue class clearing $9.5 billion a day can legally serve.
Reality