Kalshi’s 15-min gold markets overtake Ether just weeks after launch
Gold recorded 542 million contracts and an estimated $5 million in fees in September, surpassing Ether’s 318 million contracts and $2.6 million, though Bitcoin remained far ahead.
In September, gold markets on Kalshi generated nearly twice the estimated trading fees compared to Ether markets, despite Kalshi being relatively new. Kalshi's 15-minute gold contracts recorded 542 million contracts and an estimated $5 million in fees, surpassing Ether's 318 million contracts and $2.6 million. Bitcoin, however, remained the dominant market, generating $60.4 million in estimated fees.
The rapid growth in short-duration gold markets is part of Kalshi's expanding commodities business, with trading volume reaching $400 million within seven months. Despite the growth, Bitcoin remains the most significant market series outside of parleys, while Ether's 15-minute contracts saw a significant increase, reaching 318 million in September.
Short-duration financial markets are becoming a larger part of Kalshi's business, with 15-minute markets generating 80% of the platform's non-sport fees during the period.
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