4 ms·
Kalshi and Polymarket Are Each Eyeing Roughly $20B Valuations
- bookofjoe 8mo agohttps://www.wsj.com/finance/kalshi-and-polymarket-are-each-eyeing-roughly-20-billion-valuations-d7b9c5d8?st=2VytHV&reflink=desktopwebshare_permalink https://www.wsj.com/finance/kalshi-and-polymarket-are-each-e...
- sharp_runner_84 8mo agothese valuations make more sense when you see the volume growth. but pricing is still surprisingly fragmented — same event can be 3-5c different on kalshi vs polymarket because there's basically no cross-venue market making yet. i've been messing with a tool called claw arbs that tracks both sides and the gaps are way more frequent than you'd expect. feels like the market structure is still super early even if the headline numbers look big