Kalshi & Polymarket Dominate Global Prediction Market Traffic

Prediction markets Kalshi and Polymarket saw record trading volumes in November, nearing $10 billion combined. The platforms, which are both CFTC-regulated, have expanded their US presence after recent approvals, contributing to a solidified duopoly within the U.S. market. These developments indicate increasing user engagement and strategic expansion, leading to heightened competitive dynamics globally. Kalshi, led by CEO Tarek Mansour, emphasizes transparency and regulation in its global reach, while Polymarket’s success under founder Shayne Coplan has been spurred by recent approval to operate within the U.S. market.