Polymarket and Kalshi Dominate the Prediction Market, Newcomers Struggle to Survive

On October 26, according to Dune data, the prediction market is dominated by two major players: Polymarket and Kalshi, while newer entrants are struggling to find their place in the ecosystem. Over the past week, Polymarket led the prediction market with a nominal trading volume of $1.062 billion, followed by Kalshi with $950 million. Limitless and Myriad recorded $21.93 million and $3.85 million, respectively. In terms of number of trades, Kalshi ranked first with 3.575 million trades, Polymarket reached 2.586 million trades, while Limitless and Myriad had 378,000 and 66,000 trades, respectively.