- Over the week, the trading volume was Kalshi amounted to a record $3,4 billion. During the same period, the trading volume on polymarket did not exceed $2 billion.
- The figures show that the two platforms take different approaches: Kalshi is focused on sports, and polymarket remains a popular platform for trading political and macroeconomic events.
On According to Artemis, for the week ending April 26, trading volume on Kalshi amounted to $3,4 billion. This is a new record figure for the platform specializing in forecasts.
However, it’s not so much the overall trading volume itself that’s noteworthy, but the distribution by category. Sports accounted for $3 billion, or 88% of the total. Kalshi.
Cryptocurrency markets were a distant second, with a trading volume of $334,1 million, and the “politics” category was third, with approximately $16,8 million, representing less than half a percent of the total volume.
Despite the fact that during the same week the trading volume on polymarket turned out to be approximately $1,4 billion less, the distribution of funds is very different from KalshiThe “sports” category accounted for $959,1 million, “politics” for $507,3 million, and “cryptocurrency” for about $416 million. In the latter two cases, these figures significantly exceed the KalshiThe volume is divided into nine separate categories. polymarket structurally more diversified.
Moreover, it appears that the two largest platforms are no longer competing for the same users. Kalshi enters the regulated sports betting market, taking over the niche of DraftKings and FanDuel. polymarket — is a platform for those who want to trade elections, macro events, and cryptocurrency markets with a global pool of counterparties.
Previously edited Happy Coin News Wrote, that the head of the department KalshiJohn Wang, a forecaster and cryptocurrency expert, questioned the accuracy of trading volumes. polymarket.
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