Kalshi and Polymarket Dominate Global Prediction Market Traffic

Kalshi and Polymarket set new monthly trading volume records in November, reaching nearly $10 billion combined, reflecting growing interest in their prediction market platforms.

The surge signifies a leadership consolidation in prediction markets, driven by increased user engagement and strategic U.S. expansion, sparking heightened competitive dynamics globally.

Impacts of CFTC Licenses on U.S. Market Growth

Kalshi, led by CEO Tarek Mansour, continues to emphasize transparency and regulation in its global reach, while Polymarket, under founder Shayne Coplan, has seen rapid growth following its recent approval to operate in the U.S. market.

Kalshi and Polymarket experienced substantial growth in trading volumes for November, with numbers nearing $10 billion, indicative of their considerable market presence. The decision by the Commodity Futures Trading Commission (CFTC) to regulate these exchanges has provided them with a stronger foundation and wider audience for their operations.

“We’re proud to see Kalshi’s trading volume continue to grow as more people discover the power of prediction markets. Our focus remains on building a regulated, transparent platform for event contracts.” — Tarek Mansour, CEO, Kalshi

Market Data and Insights

Did you know? The CFTC’s regulatory approval has significantly impacted the growth trajectory of prediction markets in the U.S.

According to CoinMarketCap, Polytrader by Virtuals (POLY) has experienced a 9.69% drop in the past 24 hours, trading at $0.00, with a fully diluted market cap amounting to $267,036.75. The circulating supply is currently unavailable, and the 24-hour volume is $87,974.76, indicating a minor daily decrease.

Market reactions highlight strengthened duopoly and increased U.S. engagement, suggesting that Kalshi and Polymarket are well-positioned for future growth.