Polymarket and Kalshi are accelerating their expansion strategies as both prediction-market platforms move deeper into web3, pursue international growth, and seek new regulatory approvals.
Summary
- Polymarket and Kalshi have reportedly begun coordinated global expansion efforts.
- Plans were discussed during a private New York dinner attended by ICE CEO Jeffrey Sprecher.
- Both companies are exploring decentralized technologies, sports-related partnerships, and new markets as trading volume surges.
Bloomberg reports the push for expansion was previewed at a private dinner high above Manhattan’s financial district, where Intercontinental Exchange (ICE) CEO Jeffrey Sprecher was among the high-profile attendees.
A sector preparing for its next phase
Polymarket and Kalshi—two of the fastest-growing prediction platforms in the world—are now moving beyond their existing regulatory and product boundaries.
Polymarket, which has been preparing to relaunch more fully in the U.S., is expanding its global footprint and exploring deeper web3 integrations. The company continues to dominate crypto-native prediction markets covering elections, sports, culture, and digital assets.
Kalshi, meanwhile, recently partnered with Coinbase and continues to scale its regulated U.S. event markets tied to macroeconomic data, government decisions, and policy outcomes.
As part of their next phase, both companies are evaluating decentralized frameworks, sports-related venues, and strategic partnerships with international organizations. Such moves aim to strengthen liquidity, attract institutional users, and position prediction markets as a mainstream financial tool.
Big tech turns prediction markets into public data
Alphabet’s upcoming integration of Kalshi and Polymarket’s live odds into Google Search and Google Finance marks one of the biggest steps toward mainstream adoption. Users will be able to enter natural-language queries—such as “Will the Fed cut rates in December?”—and instantly see market-driven probabilities and historical shifts.
Market sentiment has increasingly shifted toward prediction markets as alternatives to polls, surveys, and traditional forecasting tools, with traders viewing price-based probabilities as more reliable indicators of future outcomes.
Regulatory challenges remain
Despite rapid growth, regulatory uncertainty continues to shape both companies’ strategies.
Kalshi is still engaged in disputes with several state regulators who argue its markets resemble gambling. Polymarket remains restricted from certain U.S. services following its previous CFTC settlement, though it is now re-entering the regulatory process through acquired derivatives infrastructure.
Neither platform has disclosed details about new deals, filings, or product launches. Representatives declined to comment—perhaps, as you wrote, because they’re busy predicting which regulator will call next.
