Polymarket and Kalshi Cement Prediction Market Dominance Amid Scrutiny
Prediction markets surged in 2025, with Polymarket and Kalshi emerging as industry titans. Kalshi’s $11 billion valuation and Polymarket’s $9 billion ICE-backed war chest reflect institutional confidence. Both platforms now face a litmus test during the 2026 midterms—their ability to scale during high-stakes events will determine long-term viability.
Partnerships with major media and sports brands have fueled growth, but skeptics question the $40 billion trading volume claims. crypto heavyweights like Coinbase are entering the fray, signaling broader market validation. The sector’s trajectory hinges on transparency—inflated metrics could undermine credibility just as adoption accelerates.