Kalshi surpasses Polymarket in trading volume and occupies a global dominance

Kalshi announced monthly trading volume this month was $1.3 billion, accounting for 62.2% of global forecast market share, up from 3.1% a year ago. The platform, which operates only in the U.S., outperformed rival Polymarket’s $773 million, and CEO Tarek Mansour highlighted its potential for rapid growth. Both platforms are expanding, Polymarket is seeking to re-enter the U.S. market, while Kalshi is integrating cryptocurrency capabilities. Bernstein analysts pointed out that the forecast market is becoming a key information interface, and the transaction volume of events such as the Federal Reserve's interest rate resolution is huge. Polymarket’s valuation is expected to rise by $9 billion to $10 billion, while Kalshi is valued at nearly $5 billion and is about to close its financing.