Polymarket and Kalshi See Massive Drop in Users—but Big Opportunities Ahead

Polymarket and Kalshi see massive drop in users—but big opportunities ahead

New data shows prediction markets, which have attracted plenty of buzz, are still figuring out a business model.

Polymarket CEO claims Kalshi is a “copycat” prediction market

Polymarket CEO Shayne Coplan has described Kalshi as a “copycat” ahead of the prediction market’s return to the US after snapping up QXC in a $112m deal. Speaking on CNBC’s Squawk Box segment yesterday, July 23, Coplan explained the rationale behind purchasing the Commodity Futures Trading Commission (CFTC)-licensed exchange. The move will see Polymarket return to the US, meaning customers will no longer need to use a VPN to access the site. Pol…

Polymarket's US Return Boosts Derivatives - PressReach

Polymarket, a prominent decentralized prediction market platform, has announced its strategic acquisition of a key derivatives exchange entity, marking a pivotal step in its plan to re-enter the United States market. This move is seen as a significant development in the evolving landscape of crypto-based financial instruments, especially as regulatory scrutiny intensifies globally. The acquisition is part of Polymarket’s broader strategy to comp…