Ironically, those companies that maintained a low profile quietly took the lead.
Kalshi didn't flaunt its success or try to seize opportunities; it let its results speak for themselves.
Its trading volume reached $5.8 billion in November, leading for several months already.
This advantage, though unremarkable, was crucial.
They received approval from the U.S. Commodity Futures Trading Commission (CFTC). This meant they could operate in the U.S. without constantly worrying about what would happen next.
Add to that the integration with Phantom, and Kalshi suddenly had effortless access to millions of Solana users.
Polymarket remains in the spotlight and has ambitious goals, which is understandable.
But Kalshi's trading volume has reached $11 billion, and it's legal, compliant, and verifiable.
Even Paradigm's own research eventually lowered its forecast for Polymarket.
I'm not attacking them maliciously; I'm just observing a common trend.
High-profile people attract attention more easily.
Low-profile people are the ones who ultimately succeed.