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.
Desk analysis with the methodology attached — rate cards, funnel benchmarks and the mechanics of programmes that pay.
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.