Prediction-market platforms Polymarket and Kalshi are accelerating their push into web3 and international markets as interest in event-based trading continues to rise.
The expansion plans were discussed at a private dinner in New York attended by senior financial figures, including Intercontinental Exchange CEO Jeffrey Sprecher, according to Bloomberg.
Both companies are pursuing new revenue streams while seeking additional regulatory approvals. They are also exploring partnerships with sports organizations and international venues as part of their broader growth strategies.
Polymarket, which is preparing to relaunch in the United States, and Kalshi, which recently formed a partnership with Coinbase, are increasing their focus on decentralized technologies. The move signals an effort to take prediction markets beyond niche online communities and into the wider web3 ecosystem.
Regulators and major technology firms have taken greater interest in prediction markets as trading volumes grow. Alphabet plans to display live probabilities from both Polymarket and Kalshi on Google Finance and Google Search. Users will soon be able to see real-time odds in response to natural-language queries such as whether the Federal Reserve will cut interest rates in December.
Kalshi currently operates regulated U.S. markets tied to economic indicators and policy decisions, while Polymarket offers global markets covering politics, sports, and cryptocurrency. Both platforms have seen increased participation from traders who view prediction markets as an alternative to traditional polling or analyst forecasts.
Details about specific deals, partnerships, or regulatory filings have not been made public. Representatives for both firms did not comment on the ongoing expansion efforts.
