Absolute banger of a prediction markets panel with
@Polysights, PredictTO &
@Limitless 🔥 at Solana Summit by
@SuperteamCAN yesterday
⚡⚡⚡On: Who's actually winning the Kalshi vs Polymarket war, can anyone break the duopoly, what's cooking on Solana, what people REALLY bet on, and why Canada is in no rush to open the doors to prediction markets.
Kalshi wash trading drama 👀 too
Missed it? Pain. We were there, had a blast, here's the TL;DR 🧵👇
1/
@Kalshi vs
@Polymarket ⚔️
Poly still owns mindshare (Google Trends agrees), but Kalshi is eating the market share.
@tre_poh: Poly got comfy, Kalshi went the regulated route and nailed it. Hence Poly's aggressive C-suite hiring spree.
Their ads were literally alternating during the NHL playoffs lol
2/
Can anyone break their duopoly? 🥤
Kalshi + Poly = ~95% of 2026 volume and ~97% of OI. Liquidity and distribution are the moats.
Kalshi vs Poly are like Coca-Cola vs Pepsi. Grow too fast and they'll just buy you. See:
@getdomeapi, reportedly ~$20M.
3/
Most underrated player?
@HyperliquidX 👀
Massive liquidity, permissionless markets, cross-margin to hedge PM positions against perps. If it gets regulated US access, the ceiling basically disappears.
4/
Solana's throne is empty 👑
@meleemarkets,
@world_xyz and
@jup_predict are all in the race.
Melee probably has the strongest team and momentum right now. The real risk: they fight each other instead of outsiders, and Solana just does not get its flagship PM yet.
5/
What people actually bet on 🏈
Sports = ~70% of volume. Politics is cyclical and will pump into the
midterms.Open interest says more than volume, since it shows the money people actually keep in positions.
PMs will win when they get boring (insurance, institutional hedging). Austin: FDA/biopharma hedging is a huge green space.
6/
Honorable mention💀the WNBA dildo marketon PMs. Turns out it was full of insiders, reportedly tied to a Solana memecoin crew. Virality potential here is unmatched.
7/
Canada 🇨🇦
PMs are classified as binary options. Only Wealthsimple
@predict +
@IBKR are approved: 30+ day markets, economy/finance/climate only.
@SimiStern: RNG casino billboards all over Toronto, but PMs get stonewalled. Hypocritical
8/
And the Kalshi wash trading allegations 🍿
Unconfirmed, and the panel didn't judge.
The ask: Kalshi and Poly should stop burning cash on PR wars and fight the gaming lobby together.
Plus panelists gave Kalshi credit for pushing to show the industry is mature.