A sharp sell-off in the crypto market led to a surge in activity on prediction markets. On June 2, Polymarket and Kalshi set new all-time highs for daily volume in the crypto category, as traders looked for new ways to profit from volatility.

According to Artemis, Polymarket’s crypto segment volume reached $176 million, while Kalshi recorded $108 million. These are record values for both platforms. The growth coincided with the largest wave of liquidations in the crypto market since February.

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