Kalshi's 15-minute gold markets recorded 542 million contracts and an estimated $5 million in fees in September, surpassing Ether's 318 million contracts and $2.6 million in fees on the platform. Bitcoin remained far ahead of both. The gold contracts launched only weeks earlier.

Shows retail and institutional interest in short-duration commodity contracts outpacing crypto on Kalshi, suggesting the platform can diversify beyond its political and crypto roots.