●Wintermute noted these platforms unlock trading for previously untradeable events
Prediction market platforms Kalshi and Polymarket reached historic highs in November, generating a combined trading volume of nearly $10 billion. Kalshi's volume rose 32% to $5.8 billion, while Polymarket saw a 23.8% increase to $3.74 billion compared to the previous month.
Wintermute Ventures highlighted the growing utility of these platforms, noting that they allow trading on previously untradeable events. The firm emphasized the distinct approaches taken by Kalshi and Polymarket in opening new avenues for event-based trading.