Did Polymarket just lose its edge to Kalshi?

Question

With Polymarket long-standing as one of the go-to prediction markets, Kalshi's latest promotion is seen as a bold challenge to maintain relevance amid stiff competition. The real question here: Does it matter if users switch allegiances for bigger payouts? Or does this just mean more choice?

Answer

Kalshi’s promo code could be luring in new and existing users with better deals, potentially eating into Polymarket's user base.

Answer

Polymarket might see Kalshi's move as a temporary blip. They have their loyal following already established through years of service.

Did Polymarket just lose its edge to Kalshi?

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