U.S. Trading Boosts Kalshi Ahead of Polymarket in Prediction Market Activity

Kalshi Gains Edge Over Polymarket as U.S. Expansion Drives Competition

Kalshi is taking the lead in the prediction market race, capturing 62% of sector volume last week, compared with Polymarket’s 37%, according to Dune Analytics. Weekly trading exceeded $500 million, with active turnover signaling growing market dominance.

Polymarket is focusing on U.S. expansion, completing its acquisition of regulated derivatives exchange QCX and rolling out earnings-based markets with Stocktwits to let investors hedge earnings risk and assess sentiment. Analysts see this as a competitive phase in the U.S. on-chain prediction market landscape.