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News Wire / economy

Kalshi Outpaces Polymarket in US Prediction Markets

WWJ Detroit New York 16d16d Impact 5
Kalshi has overtaken rival Polymarket in the United States following full regulatory approval of its platform. The New York Stock Exchange's parent company recently invested $600 million in Polymarket. Polymarket's U.S. operations are currently in beta mode as the company addresses technical issues. Polymarket's current US-based operations are still operating in beta mode. The platform is currently evaluating its performance and functionality within the US market. This follows recent reports regarding the platform's expansion into US operations. Brazilian Finance Minister Dario Durigan stated that the goal is to block prediction market platforms operating in Brazil without proper regulation. These platforms are reportedly functioning similarly to unlicensed fixed-odds betting sites and violate current national gambling laws. The industry is experiencing rapid global growth.

Topics

prediction markets finance regulation

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Sources · 7 independent

WWJ Detroit

“The New York Stock Exchange's parent company recently invested $600 million in polymarket while it's working on getting its international platform into the U.S. And now, Cal-Shi, with its fully approved U.S. platform, has pulled ahead of its rival.”

1010 WINS NYC

“The US operation that Polymarket is standing up is still in beta mode. So they're trying to figure out what's going on.”

1010 WINS NYC

“in beta mode. So they're trying to figure out what's going on.”

CBN São Paulo

“According to Finance Minister Dario Durigan, the objective is to bar platforms that advance in the country outside of regulation and function similarly to licensed fixed-odds platforms.”

WWJ Detroit

“The New York Stock Exchange's parent company recently invested $600 million in polymarket while it's working on getting its international platform into the U.S. And now, Kalshi, with its fully approved U.S. platform, has pulled ahead of its rival.”

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