Kalshi's 15-minute gold market contract volume surpasses Ethereum, with approximately $5 million in fees in September

Odaily News: Prediction market platform Kalshi's 15-minute gold market recorded 542 million contracts traded in September, with estimated fees of approximately $5 million, surpassing the Ethereum market's 318 million contracts and $2.6 million; the Bitcoin market's estimated fees during the same period reached $60.4 million.The gold contract was launched in August, allowing traders to bet on whether gold would rise or fall within 15 minutes. Kalshi stated that its commodity trading volume reached $400 million within 7 months of launch, more than 4 times the trading volume of the crypto market during the same period.In the 7 days ending October 5, fees from 15-minute crypto, commodity, and financial markets reached $20.4 million, accounting for 80% of the platform's non-sports fees; this category of markets contributed 13% of trading volume and 20% of fees. (Cointelegraph)