Are Polymarket and Kalshi the same?
No, Polymarket and Kalshi are not the same. They are separate prediction market platforms with key differences.
Polymarket (Founded 2020, NYC) uses cryptocurrency (USDC on Polygon blockchain), was banned in multiple countries including France, Brazil, Australia, and was blocked in the US until December 2025. 4M by CFTC in 2022 for regulatory violations, received $2B investment from Intercontinental Exchange (NYSE parent) in Oct 2025, valued at $8-9B, and is known for allowing bets on wide range of topics including geopolitical events and wars. ).
While both are prediction markets and competitors, they differ in regulation, technology (crypto vs traditional), focus areas, and legal status in various jurisdictions.