Polymarket - How better it is when compare to Kalshi?

Despite Polymarket offering a broader market selection and active community, Kalshi attracts users with its user-friendly interface and competitive fees, making it a viable choice for beginners and experienced traders alike.

Feb 11, 2025 at 04:24 pm

Key Points

• Polymarket and Kalshi are prediction markets that allow users to trade on the outcome of future events.
• Polymarket offers a wider range of markets than Kalshi, including markets on politics, economics, and sports.
• Kalshi offers a more user-friendly interface and lower fees than Polymarket.
• Polymarket has a larger and more active community than Kalshi.

In-Depth Comparison

Market Offerings

• Polymarket offers a wide range of markets, including markets on:

  • Politics
  • Economics
  • Sports
  • Entertainment
  • Weather
  • Cryptocurrency

• Kalshi offers a more limited range of markets, focusing primarily on:

  • Politics
  • Economics
  • Cryptocurrency

User Interface

• Kalshi has a more user-friendly interface than Polymarket.

  • Kalshi's interface is designed to be easy to use for both beginners and experienced traders.
  • Polymarket's interface can be more difficult to use, especially for beginners.

• Polymarket offers a more advanced trading platform than Kalshi.

  • Polymarket allows users to create their own markets and trade on them.
  • Kalshi does not allow users to create their own markets.

Fees

• Kalshi has lower fees than Polymarket.

  • Kalshi charges a 0.5% fee on all trades.
  • Polymarket charges a 1% fee on all trades.

• Polymarket offers a rebate program for high-volume traders.

  • Traders who trade over $10,000 per month on Polymarket are eligible for a 0.5% rebate on their fees.

Community

• Polymarket has a larger and more active community than Kalshi.

  • Polymarket has over 100,000 users, while Kalshi has only about 10,000 users.
  • Polymarket has a dedicated Discord server where users can chat with each other and discuss the markets.

• Kalshi's community is still growing.

  • Kalshi has a Discord server, but it is less active than Polymarket's.

Overall

Polymarket and Kalshi are both reputable prediction markets. Polymarket offers a wider range of markets, a more advanced trading platform, and a larger community. Kalshi offers a more user-friendly interface, lower fees, and a more focused range of markets.

FAQs

What is a prediction market?

A prediction market is a market where people can trade on the outcome of future events. Prediction markets allow people to express their beliefs about the future and to profit from their predictions.

How do prediction markets work?

Prediction markets work by creating a market for each possible outcome of an event. Traders buy and sell contracts that represent the different outcomes. The price of each contract reflects the probability that the corresponding outcome will occur.

What are the benefits of using prediction markets?

Prediction markets can be used to:

• Hedge against risk
• Make more informed decisions
• Profit from their predictions

What are the risks of using prediction markets?

Prediction markets are not a perfect way to predict the future. There is always the risk that the outcome of an event will not match the predictions of the market.

How can I get started with prediction markets?

To get started with prediction markets, you need to:

1. Create an account with a prediction market platform.
2. Fund your account with a cryptocurrency or fiat currency.
3. Choose a market and buy or sell a contract that represents the outcome you believe will occur.