Kalshi vs Polymarket: how prediction markets scaled
Kalshi went from a $2 billion to a $40 billion valuation in 16 months; Polymarket took ICE money and reportedly bought its way back into the US. Both now face state lawsuits.
Every case here comes with spend, revenue and the period it ran. If a number could not be verified, we say so in the piece.
Kalshi went from a $2 billion to a $40 billion valuation in 16 months; Polymarket took ICE money and reportedly bought its way back into the US. Both now face state lawsuits.