Gate News message, April 27 — According to Spencer Bogart, a partner at Blockchain Capital, Kalshi and Polymarket have nearly identical total trading volumes of approximately $12.2 billion each (Kalshi at $12.29 billion, Polymarket at $12.22 billion). However, when sports-related trades are excluded, Polymarket’s non-sports volume stands at $7.5 billion, while Kalshi’s is only $1.6 billion.
The stark difference highlights the divergent market positioning of the two prediction market platforms. Despite their distinct strategies and user bases, both platforms continue to be grouped within the same category in industry discussions.
Bogart’s analysis underscores how trading volume distribution varies significantly between the platforms when segmented by market category.
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