Analysis: Polymarket and Kalshi Dominate the Prediction Market

According to ChainCatcher, citing Dune data, the prediction market landscape has formed a duopoly between Polymarket and Kalshi, while other platforms are struggling to break through.

In the past week, Polymarket led with a nominal trading volume of $1.062 billions, followed closely by Kalshi with $950 millions. Limitless and Myriad recorded $21.93 millions and $3.85 millions, respectively.

In terms of the number of transactions, Kalshi ranked first with 3.575 million trades, Polymarket reached 2.586 million trades, while Limitless and Myriad recorded 378,000 and 66,000 trades, respectively.