As per Coinrise, prediction market platforms Kalshi and Polymarket recorded new trading volume records in November, with Kalshi hitting $5.8 billion and Polymarket reaching $3.74 billion. Both platforms saw significant month-over-month growth, driven by increased participation from individual and institutional traders. Analysts note that the two platforms are forming a duopoly in the real-money prediction market. Kalshi, regulated and U.S.-focused, and Polymarket, a decentralized platform on Polygon, are both eyeing multi-billion-dollar valuations. Polymarket recently received CFTC approval to relaunch in the U.S., while Kalshi continues to attract top-tier investors like Paradigm and Sequoia Capital.
Kalshi and Polymarket Set New Volume Records in November
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