How Polymarket and Kalshi Rose to Lead the Evolution of Crypto Prediction Markets
Crypto prediction markets have transformed from niche experiments into mainstream trading platforms, with Polymarket and Kalshi now dominating this dynamic sector. Their rise follows years of technological innovation, regulatory navigation, and shifting product strategies that have shaped the landscape. Recent investments have spotlighted this transition. The Intercontinental Exchange (ICE) has committed up to $2 billion to Polymarket, while Kalshi secured $300 million in funding. Michael Ashley Schulman, partner and chief investment officer at Running Point Capital Advisors, told Reuters that ICE’s interest extends beyond contract clearing; the company aims to monetize the data generated by these markets, using odds as












