| ▲ | firloop 3 hours ago | |
> And now here come the prediction markets, such as Polymarket and Kalshi, whose combined 2025 revenue came in around $50 billion. Bizarre to call trading volume "revenue". Last year, trading fees for Kalshi amounted to about $263 million[0], whereas Polymarket largely did not have fees in 2025 and is turning them on in a few days[1]. [0]: https://finance.yahoo.com/news/kalshi-fee-revenue-2025-263-1... [1]: https://gamingamerica.com/news/polymarket-free-ride-over-int... | ||
| ▲ | roxolotl 2 hours ago | parent | next [-] | |
Thank you for this call out. I was blown away by that number because it would have meant volume was maybe pushing 1T. | ||
| ▲ | shimman an hour ago | parent | prev [-] | |
It's DT, don't expect honesty from his posts (unless he is bashing unions or workers, he's very honest about that). | ||