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.
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