Polymarket, Kalshi Cross $280M in Daily Volume as $1.76B Crypto Liquidation Hits

• Polymarket and Kalshi set new daily trading volume records, reaching a combined $284 million on June 2, 2026.
• Major crypto liquidation event triggered $1.76 billion in losses and pushed Bitcoin below $67,000.

On June 2, 2026, prediction market platforms Polymarket and Kalshi shattered single-day trading volume records in the crypto category, reaching $176 million and $108 million respectively, according to a June 4 report by Cryptopolitan. The surge coincided with a market-wide liquidation event that erased $1.76 billion in leveraged crypto positions and pushed Bitcoin’s price below the $67,000 mark.

Polymarket retained its position as sector leader, securing $535.58 million in total value locked (TVL) as of June 4, per DefiLlama data. Kalshi achieved over $100 million in daily crypto volume for the first time and introduced the first CFTC-regulated Bitcoin perpetual futures contract, marking a milestone in regulated U.S. crypto derivatives markets.

New competitor Hyperliquid, featuring HIP-4 outcome contracts, is beginning to gain market presence but still represents just about 1% of Polymarket’s volume. The prediction market sector now holds a collective TVL of $595.91 million, with multiple platforms consistently posting new highs in trading activity during 2026 amid sustained macro volatility and evolving regulatory dynamics.

As of June 4, 2026, 00:09 UTC, Hyperliquid (HYPE) traded at $75.05 and showed a 7.8% increase in 24-hour trading volume, based on the latest market survey data.