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Data doesn't lie
The only true prediction market at present is Polymarket.
From the distribution of weekly trading volume
Polymarket's sports, politics, and crypto-related thematic events
accounting for 35.4%, 25.3%, and 23.2% respectively
From the current OI distribution
The same is true for the coexistence of sports, politics, and Crypto.
As the strongest competitor, Kalshi.
completely relies on sports
Rather than saying it is a prediction market
It would be more accurate to say it is regulatory arbitrage in gambling platforms.
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