Bloomberg: Polymarket's trading volume surpassed by Kalshi, facing repeated setbacks in the U.S. market expansion
According to ChainCatcher, Polymarket, which had long dominated predictive market trading volume, is now facing multiple challenges. According to Dune Analytics data, its global trading volume has been surpassed by major competitor Kalshi. In terms of valuation, after a new round of financing announced last month, Kalshi’s valuation reached $22 billion, whereas Polymarket recently received a $600 million investment from Intercontinental Exchange (ICE), bringing its valuation to $15 billion.
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