Polymarket Accuses Kalshi of Espionage Amid Market Rivalry
- Polymarket has accused rival Kalshi of corporate espionage, claiming product launch copying and potential office surveillance.
- Kalshi surpassed Polymarket in April with $5.42 billion in taker volume compared to Polymarket’s $1.99 billion, according to Dune Analytics.
- Polymarket tinted its SoHo office windows due to concerns that Kalshi backer Paradigm could view employee screens.
- Both companies have denied the allegations, with no public evidence of espionage currently available.
The rivalry between market leaders Polymarket and Kalshi has intensified with accusations of corporate espionage and product imitation. The competition highlights the high stakes as both firms dominate the prediction exchange sector.
Kalshi’s recent overtaking of Polymarket in trading volume underscores the competitive tension, though no evidence supports the espionage claims yet. (Source)
