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Kalshi holds about 3.2 times Polymarket's midterm volume at 1.1 billion dollars against about 340 million dollars, Trefis reports
- Kalshi holds about 3.2 times Polymarket's midterm volume at 1.1 billion dollars against about 340 million dollars, Trefis reports — Trefis reports that, as of about October 23, Kalshi had traded about 1.1 billion dollars on 2026 midterm markets against about 340 million dollars on Polymarket, which sought a 21 billion dollar valuation in its latest round after ICE put in 1.6 billion dollars. Polymarket volume fell 84 percent the morning after the 2024 election, and Trefis expects a smaller post-midterm drop because its U.S. app launched with sports rather than politics. (Trefis)
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