Bankless(@Bankless):The @Kalshi vs. @Polymarket rivalry may not be as close as it used to be. @j0hnwang: “We’ve really grown to be like four to five times larger. At least in crypto, we’re 10 times larger than them in volumes.” “We’ve also found our own lane a bit more.” “We’ve ultimately probably pulled ahead and are no longer fighting as hard over tit-for-tats day to day.”

2026.09.01 21:30

The @Kalshi vs. @Polymarket rivalry may not be as close as it used to be. @j0hnwang: “We’ve really grown to be like four to five times larger. At least in crypto, we’re 10 times larger than them in volumes.” “We’ve also found our own lane a bit more.” “We’ve ultimately probably pulled ahead and are no longer fighting as hard over tit-for-tats day to day.”

Bankless@Bankless

2026.09.01 12:00

NEW EPISODE - "We Want to Be Bigger Than the CME" @Kalshi is moving far beyond prediction markets. @j0hnwang joins @TrustlessState to unpack its regulated crypto perps push, why regulation could be its biggest competitive advantage, and how event contracts could evolve into serious institutional hedging infrastructure. They also debate prediction markets’ insider trading problem, preview gold and silver perps, and address the rivalry with @Polymarket, including Kalshi’s claim that its crypto volume is now 10x larger. CHAPTERS --- 0:00 Is Kalshi a Crypto Company? 3:56 Global Expansion and the Regulated Edge 14:55 The Regulated Perps Bet 21:38 Combining Perps and Predictions 27:51 The Insider Trading Problem 38:50 Who Owns Market Information? 45:58 From Sportsbooks to the CME 55:24 Prediction Markets for Institutions 1:02:40 Kalshi Versus Polymarket