TOTAL VOLUME:
$152.4b
24H VOL:
$170,491,747
24H TRANSACTIONS:
2,927,407,401
OPEN INTEREST:
$1,802,409,459
448,418
Markets across
39,375
events
MATCHED EVENTS:
4,311
PLATFORM COVERAGE:
5
Polymarket:
38%
VS.
Kalshi:
62%
Side-by-side breakdowns of prediction market platforms: fees, markets, liquidity, and usability.

Kalshi now leads the industry on raw volume; Polymarket still has roughly 8x its unique trader base. Here's the whole roster, ranked and compared.
Jared Polites · Oct 12

Kalshi and Polymarket US hold your cash in CFTC-segregated accounts, a real protection, but not an insurance guarantee.
Jared Polites · Oct 1

A $500 trade barely moves one platform's price and swings another's by several cents. The difference is whether you're matched to another trader, or priced against a pool.
Jared Polites · Sep 30

A Kalshi-Polymarket price gap looks like free money until fees, KYC delays, withdrawal friction, and mismatched settlement rules eat most of it before the trade clears.
Jared Polites · Sep 29

Yes, Polymarket is a legitimate, well-funded exchange that pays out onchain. Here's the full record, good and bad.
Jared Polites · Sep 25

Every platform can quote a price. Not all of them can back it once real size hits the book. Here's what actually determines whether liquidity holds, platform by platform.
Jared Polites · Sep 11

Kalshi, Polymarket, Predict.Fun, and Opinion now all charge takers a fee that peaks on a 50-cent contract and fades toward the extremes.
Jared Polites · Aug 18

Kalshi is CFTC-regulated and dollar-funded. Polymarket runs on USDC with deeper global liquidity and now has its own regulated US arm too. Compare live.
Jared Polites · Jul 30

Yes, Kalshi is CFTC-regulated and has been since 2020. Here's what that actually protects, what the fees really cost, what deposits and withdrawals are like, and the state-by-state legal fight.
Jared Polites · Jul 27