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U.S. Election Betting: Kalshi's Polymarket Rival Quickly Gets Traction

In just three weeks, Kalshi's presidential prediction market has passed $30M in volume. It still trails the $2 billion traded on Polymarket since January.

By Sam Reynolds|Edited by Marc Hochstein, Nick Baker

Updated Oct 21, 2024, 5:16 p.m. Published Oct 21, 2024, 5:01 p.m.

MIAMI, FLORIDA - OCTOBER 21: A person wears an 'I Voted' sticker after casting their ballot in a polling station as early voting begins on October 21, 2024, in Miami, Florida. Early voting runs from Oct. 21 through Nov. 3 in Miami-Dade and Broward. People head to the polls to decide, among other races, the next president of the United States. (Photo by Joe Raedle/Getty Images) — (Joe Raedle/Getty Images)