Kalshi's 15-minute gold market generated estimated trading fees of nearly double those of the comparable Ether market in September, just weeks after its August launch. The gold contracts brought in roughly 5 million dollars in estimated fees, compared with 2.6 million dollars for the Ether contracts, according to data from Predict Charts. Bitcoin remained the dominant market, with estimated fees reaching 60.4 million dollars. The growth came as Kalshi's broader commodities business expanded; the company disclosed in September that commodities trading volume hit 400 million dollars in just seven months, more than four times the volume its cryptocurrency market had achieved over the same period. In contract volume, gold reached a record 542 million contracts in September, surpassing Ether, which climbed to 318 million contracts. An InGame analysis on Tuesday found that crypto, commodities, and 15-minute financial markets generated 20.4 million dollars in fees over the seven days through October 5, accounting for 80% of the platform's non-sports fees during that period.
BitcoinBitcoin is cited only as the dominant market by fees, with no new development affecting it.
