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Q1 2026 sets trading records: $33B on Kalshi, $26.17B on Polymarket, showing market growth.

Market News
28 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

In Q1 2026, both Kalshi and Polymarket achieved record trading volumes, with $33 billion traded on Kalshi and $26.17 billion on Polymarket. This growth highlights that competition between the two platforms is expanding the overall market rather than just shifting market share. Kalshi focuses on deepening trades within a defined market, while Polymarket broadens its reach across new markets. Recent valuations show Kalshi at $22 billion and Polymarket in talks for a $15 billion round, indicating a significant valuation gap emerging between them.

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