Kalshi Calls Out Polymarket Over “Misleading” Volume Claims
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Kalshi's crypto head John Wang says Kalshi recorded about $13B in March trading vs Polymarket's ~$10B, challenging earlier claims that both platforms processed ~ $12B and alleging major gaps in reported volume; the dispute was aired publicly on X. Analysts warn structural differences between the platforms make direct volume comparisons unreliable, and concerns about speculation and potential wash trading raise data-quality and market-trust risks for crypto prediction markets, impacting DeFi adoption and reporting transparency.
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- Kalshi disputes Polymarket’s volume claims, citing major gaps in reported trading data.
- Structural differences between the platforms make direct comparisons difficult, analysts say.
- Concerns over speculation and possible wash trading raise questions about data quality.
The head of the prediction market Kalshi’s crypto division, John Wang, has questioned trading data from Polymarket, raising concerns about volume accuracy. The dispute follows recent comparisons shared by Spencer Bogart and observations from Nick Devor.
Volume Dispute Emerges
In a post on X, Wang said Kalshi recorded about $13 billion in trading volume in March, compared with $10 billion on Polymarket. He disputed earlier claims that both platforms processed about $12 billion each, arguing the figures misrepresented actual activity.
For context, Bogart had earlier presented both platforms as …
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