{"id":48643,"date":"2025-09-20T23:46:47","date_gmt":"2025-09-20T23:46:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=48643"},"modified":"2025-09-20T23:46:47","modified_gmt":"2025-09-20T23:46:47","slug":"kalshi-outpaces-polymarket-in-prediction-market-volume-amid-surge-in-u-s-trading","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=48643","title":{"rendered":"Kalshi Outpaces Polymarket in Prediction Market Volume Amid Surge in U.S. Trading"},"content":{"rendered":"<div>\n<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>\n<\/div>\n","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 push into regulated U.S. territory. From Sept. 11 to 17, Kalshi accounted for 62% of total volume in the on-chain prediction market sector, according to data from Dune Analytics, while Polymarket\u2019s stood at 37%. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-48643","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48643"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48643\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}