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.
Kalshi’s 15-minute gold markets generated nearly twice the estimated trading fees of equivalent Ether markets in September, just weeks after their August launch.&
The gold contracts, which let traders take positions on whether gold will rise or fall over 15-minute intervals, generated about $5 million in estimated fees during the month, compared with $2.6 million for Ether contracts, according to Predict Charts. Bitcoin remained the dominant market, generating $60.4 million in estimated fees.
The growth in short-duration gold markets comes as Kalshi’s broader commodities business has been expanding. The company said in September that commodities trading volume had reached $400 million within seven months, more than four times the volume its crypto markets had generated at the same stage.&
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