Polymarket vs Kalshi: Who Actually Wins on Volume and Liquidity
The competition between Polymarket and Kalshi in the prediction market space has shifted significantly. Kalshi has recently surpassed Polymarket in both volume and liquidity, achieving record taker volumes. The platforms differ in their focus, with Kalshi primarily driven by sports betting, while Polymarket maintains a broader range of categories including politics and international events.
- ▪Kalshi recorded a weekly notional volume of $4.13B, while Polymarket fell to $1.60B.
- ▪In April 2026, Kalshi achieved $5.42B in taker volume, surpassing Polymarket's $1.99B for the first time.
- ▪Kalshi's revenue is heavily reliant on sports, accounting for 89% of its fee revenue in 2025.
DEV.to (Top) files mainly under programming. We currently carry 4,924 of its stories.
Story provenance
Source · retrieval · rights · ranking — open for full record
inspect →
Attribution is not the same as permission. This drawer separates discovery metadata, excerpts, WeSearch-generated summaries, reuse status, and whether the publisher receives the visit. Nothing here claims a legal grant the publisher has not made.
Record
| Original publisher | DEV.to (Top) |
| Canonical URL | https://dev.to/weebet/polymarket-vs-kalshi-who-actually-wins-on-volume-and-liquidity-3b16 |
| Publication time | Wed, 27 May 2026 11:00:01 +0000 |
| Retrieval time | 2026-05-27T11:07:58.868Z |
| Last seen | 2026-05-27T11:07:58.868Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | 2N-HDoalIJqc |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
Rights status (four layers)
WeSearch handling by dimension
| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
try { if(localStorage) { let currentUser = localStorage.getItem('current_user'); if (currentUser) { currentUser = JSON.parse(currentUser); if (currentUser.id === 3950717) { document.getElementById('article-show-container').classList.add('current-user-is-article-author'); } } } } catch (e) { console.error(e); } WB Posted on May 27 • Originally published at weebet.com Polymarket vs Kalshi: Who Actually Wins on Volume and Liquidity #predictionmarkets #polymarket #analysis Originally published on WeeBet on 2026-05-25. Reposted with canonical link. The headline question of which platform "wins" on prediction markets used to have an obvious answer. Through most of 2024 and early 2025, Polymarket led on volume, depth, and cultural mindshare. That story has flipped.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at DEV.to (Top).
Discussion
0 commentsMore from DEV.to (Top)
