Kalshi is leading the prediction market race, accounting for 62% of the total on-chain volume from September 11 to 17, equivalent to over 500 million USD, according to Dune Analytics. Meanwhile, Polymarket holds 37% with approximately 430 million USD. The average open interest of Kalshi reaches 189 million USD, higher than Polymarket at 164 million USD, reflecting a faster trading pace.
Polymarket tends to favor long-term markets, usually lasting several weeks or months, which locks up users' capital for a longer period. The open interest/volume ratio of Polymarket is 0.38, while Kalshi is lower at 0.29, indicating that Kalshi attracts users to trade more frequently, while Polymarket maintains a long-term position.
Although it is lacking in volume, Polymarket is expanding in the US after acquiring the derivatives exchange QCX and partnering with Stocktwits to launch a profit-based market, helping investors hedge risks and monitor market sentiment.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
