{"id":7592,"date":"2025-09-20T23:00:13","date_gmt":"2025-09-20T23:00:13","guid":{"rendered":"https:\/\/baiwp.com\/kalshi-outpaces-polymarket-in-prediction-market-volume-amid-surge-in-u-s-trading\/"},"modified":"2025-09-20T23:00:13","modified_gmt":"2025-09-20T23:00:13","slug":"kalshi-outpaces-polymarket-in-prediction-market-volume-amid-surge-in-u-s-trading","status":"publish","type":"post","link":"https:\/\/baiwp.com\/de\/kalshi-outpaces-polymarket-in-prediction-market-volume-amid-surge-in-u-s-trading\/","title":{"rendered":"Kalshi Outpaces Polymarket in Prediction Market Volume Amid Surge in U.S. Trading"},"content":{"rendered":"<p>Kalshi is pulling ahead in the prediction market race, capturing a dominant share of trading volume even as competitors like Polymarket push into regulated U.S. territory.<\/p>\n<p>From Sept. 11 to 17, Kalshi accounted for 62% of total volume in the on-chain prediction market sector, <a href=\"https:\/\/dune.com\/dunedata\/prediction-markets?utm_campaign=69290222-DuneDigest&amp;utm_medium=email&amp;_hsenc=p2ANqtz-87F5oScyZiHvPtzZsSQ9Ng42rf27bKVTjIHc6ZsRcTlQDbZjf7AeYVML2I-s_z_h5Q6BykIcL6I6DpLQJHzqK1OoLTtV4LNqfvlq2zgCgw1VPNlUI&amp;_hsmi=117773142&amp;utm_content=117773142&amp;utm_source=hs_email\">according to data from Dune Analytics<\/a>, while Polymarket\u2019s stood at 37%. The former\u2019s weekly trading pace topped $500 million, with an average open interest of around $189 million.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/27276212fe323dbcda985e288d7c8eb257bdce17-1120x662.jpg?auto=format\" alt=\"Prediction market volumes (Dune)\" title=\"Prediction market volumes (Dune)\" \/><\/p>\n<p>Its volume is beyond that of Polymarket, which stood at $430 million, and its average open interest of $164 million, which implies \u201csticker positions on Polymarket and faster turnover on Kalshi.\u201d<\/p>\n<p>Polymarket&#8217;s longer-term markets, which often stretch over weeks or months, keep user funds locked in for longer periods, essentially.<\/p>\n<p>This shows up in the open interest-to-volume ratio: Polymarket averaged 0.38, while Kalshi sat lower at 0.29. That suggests Kalshi&#8217;s users are trading more often, while Polymarket&#8217;s positions tend to sit.<\/p>\n<p>Still, Polymarket is building out a greater position in the U.S. The platform has <a href=\"https:\/\/www.coindesk.com\/business\/2025\/07\/21\/polymarket-to-reenter-u-s-with-usd112m-acquisition-after-prosecutors-drop-probe\">cleared its acquisition of QCX<\/a>, a regulated derivatives exchange, to enter the country again.<\/p>\n<p>It has also <a href=\"https:\/\/www.reuters.com\/press-releases\/stocktwits-polymarket-join-forces-launch-new-earnings-markets-2025-09-15\/\">launched<\/a> earnings-based markets with social investing platform Stocktwits, designed to let stockholders hedge earnings risk and analysts gauge market sentiment in real time.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/09\/12\/polymarket-weighs-usd9b-valuation-amid-user-surge-and-cftc-approval-the-information\">Polymarket Weighs $9B Valuation Amid User Surge and CFTC Approval: The Information<\/a><\/em><\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Kalshi is pulling ahead in the prediction market race, capturing a dominant share of trading volume even as competitors like Polymarket&#8230;<\/p>","protected":false},"author":1,"featured_media":7593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"spectra_custom_meta":{"wp_statistics_words_count":["214"],"_thumbnail_id":["7593"],"feedzy":["1"],"feedzy_item_url":["https:\/\/www.coindesk.com\/markets\/2025\/09\/20\/kalshi-outpaces-polymarket-in-prediction-market-volume-amid-surge-in-u-s-trading"],"feedzy_job":["6631"],"feedzy_item_author":["Francisco 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is pulling ahead in the prediction market race, capturing a dominant share of trading volume even as competitors like Polymarket...","_links":{"self":[{"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/posts\/7592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/comments?post=7592"}],"version-history":[{"count":0,"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/posts\/7592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/media\/7593"}],"wp:attachment":[{"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/media?parent=7592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/categories?post=7592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/tags?post=7592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}