Polymarket and Kalshi Hit $24 Billion Volume as Prediction Markets Grow 10-Fold
Updated
Updated · The FP · Jun 16
Polymarket and Kalshi Hit $24 Billion Volume as Prediction Markets Grow 10-Fold
3 articles · Updated · The FP · Jun 16
Summary
$24 billion in April trading volume flowed through Polymarket and Kalshi, more than 10 times their level a year earlier, according to Pew Research Center data.
Prediction markets are expanding beyond sports betting by letting users wager on politics and other events, drawing interest as an alternative signal to traditional polling.
40% of U.S. men ages 18 to 34 said in an April survey that they use prediction markets, underscoring how quickly the products are spreading.
Kalshi has struck deals with CNN, CNBC and Fox, while Polymarket has partnered with The Wall Street Journal and Substack, tying the fast-growing platforms more closely to mainstream media.