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Kalshi vs Polymarket comparison May 2026: $22B vs $15B valuation prediction markets

Kalshi closed a $22B Series F on May 7, 2026. Polymarket reached $15B in March. Both hold CFTC licenses, but their fees, US accessibility, and category coverage diverge sharply. Here's where each platform wins.

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Kalshi is a CFTC-regulated prediction market where users trade event contracts on real-world outcomes. Contract prices reflect implied probabilities for events across politics, economics, sports, and more.



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