Kalshi has achieved a remarkable valuation of $15 billion within weeks, mirroring Polymarket’s recent trading volume of over $1.06 billion. This dynamic creates a duopoly in the prediction market, with both companies focusing on compliance and regulatory strategies. Kalshi, backed by prominent venture capital firms like Sequoia and Andreessen Horowitz, has successfully secured institutional backing to support its growth strategy. Polymarket, known for its decentralized approach using crypto-native technology, is strategically re-entering the US market through partnerships such as with DraftKings. Its upcoming token launch aims to further consolidate their position in the US market and enhance community engagement.