Will Kalshi Beat Polymarket Soon? Analyzing Valuations

Prediction markets have grown rapidly in 2025, and the competition between Kalshi and Polymarket has become one of the biggest storylines in this sector.

Kalshi recently closed a massive $1 billion funding round that pushed its valuation to $11 billion, marking a turning point in its journey. Meanwhile, Polymarket is also reportedly pursuing a new round at an even higher target.

With monthly volumes climbing and major investors backing both platforms, the question many traders and analysts keep asking is simple: can Kalshi overtake Polymarket soon?

To answer that, it helps to look at their recent growth, strategies, and shifting momentum in the prediction market space.

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Key Takeaways

1. Kalshi’s rising valuation reflects growing confidence in regulated prediction markets and its expanding presence.

2. Polymarket still maintains strong traction, yet Kalshi has surpassed it in trading volume since September.

3. Market growth in 2025 suggests both platforms will benefit, though the speed of Kalshi’s expansion is notable.

What Is Kalshi?

Kalshi is a United States regulated prediction market platform where users trade outcomes of real world events.

It operates under the oversight of the Commodity Futures Trading Commission, which gives it a clear framework for activity.

This regulated design helps attract users who want structured markets with compliance and predictable rules.

Kalshi works much like a traditional exchange but applies its model to events instead of assets. This means users can express ideas about politics, economics, entertainment, sports, and other trending topics.

Kalshi’s recent funding round created significant attention. The company secured $1 billion from leading firms such as Sequoia, CapitalG, Andreessen Horowitz, Paradigm, and others.

This round increased its valuation to $11 billion, following a $300 million raise last month that set its valuation at $5 billion. Such rapid growth within weeks signals strong institutional confidence.

Investors view Kalshi as one of the most promising platforms in the prediction market landscape, particularly as event based trading becomes more mainstream.

Why Prediction Markets Matter

Prediction markets are gaining visibility in 2025 for several reasons.

• They offer real time data on public expectations.

• They allow traders to participate in outcomes they follow closely.

This has helped them emerge as tools for both entertainment and information.

Read Also: What is Kalshi App? Reviews from How to Use to User Responses

Will Kalshi Beat Polymarket Soon?

The competition between Kalshi and Polymarket has intensified as both platforms push for broader adoption.

Polymarket is currently exploring a funding round that may value it between $12 billion and $15 billion.

The involvement of Intercontinental Exchange signals serious interest from traditional finance, which could add new momentum to Polymarket’s growth.

Yet valuation alone does not determine leadership in this sector. Activity, volume, and user participation show how platforms truly perform.

Since September, Kalshi has consistently surpassed Polymarket in monthly trading volume. Kalshi recorded $4.4 billion in volume during October, while Polymarket reached $3.02 billion.

This shift reflects Kalshi’s growing user base and expanding set of markets. The company also plans to integrate its platform with major cryptocurrency services and exchanges within a year.

This will improve access and create new avenues for participation, potentially boosting volume further.

Factors That Influence the Race

• Volume growth supports long term visibility.

• Integration into larger ecosystems increases user engagement.

• Funding rounds impact expansion speed.

These elements will shape how the competition evolves over the coming months.

Read Also: Prediction Markets 2025: $2B Kalshi, AI-Powered Forecasting

How the Sector Is Expanding

Prediction markets experienced a surge of interest in 2025 as traders sought more interactive ways to analyze sports, politics, business news, and cultural trends.

This growth accelerated when Google Finance announced it would integrate both Kalshi and Polymarket into search results.

This move positions prediction data closer to mainstream audiences, which can fuel higher participation.

The sector is also being recognized for its potential to become an information hub, offering insights for retail and institutional traders.

Kalshi’s role in this expansion is significant. The company is positioning itself not just as a trading venue but as part of a larger infrastructure for real time data.

Investors interpret its latest funding round as a signal that regulated prediction markets could play a central role in digital finance.

Polymarket remains a strong competitor, especially due to its crypto native structure and global audience. Both platforms contribute to a dynamic and fast moving sector.

Why Adoption Is Growing

• Users enjoy direct participation in real world outcomes.

• Market data offers a fresh way to track expectations.

• Media coverage and search visibility increase awareness.

These trends make prediction markets more accessible than ever.

Read Also: Kalshi App for Android: Download and Register from Here

Conclusion

Kalshi’s rapid rise in valuation and monthly volume places it in a strong position within the prediction market sector.

Its regulated structure, investor support, and plans for broader integration show how quickly the platform is evolving.

Polymarket remains a powerful competitor with its own ambitious valuation goals and active global community.

Whether Kalshi will overtake Polymarket completely is still uncertain, but its momentum is hard to ignore. As prediction markets continue to grow in popularity, both platforms are shaping a new era of event based trading.

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FAQ

What is Kalshi?

Kalshi is a regulated prediction market platform where users trade event outcomes under the oversight of the Commodity Futures Trading Commission.

How does Polymarket differ from Kalshi?

Polymarket is a crypto native prediction platform that operates globally, while Kalshi follows US regulatory guidelines and offers a more structured environment.

Why did Kalshi’s valuation increase so quickly?

Institutional investors backed its expansion, and its trading volume has grown rapidly across major event categories.

Are prediction markets becoming more popular in 2025?

Yes. More media coverage, user interest, and integrations with platforms like Google Finance have accelerated adoption.

Can Kalshi surpass Polymarket soon?

Kalshi’s recent surge in volume suggests potential, but both platforms continue to evolve, making the competition ongoing.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.