Kalshi: The Rising Star in Election Betting for 2024
Tuesday, 5 November 2024, 21:00
Kalshi's Rise in the App Store
On Tuesday, Kalshi and Polymarket zoomed to the top of the Apple App Store amid a surge in election betting in the waning days of the 2024 US presidential campaign. Kalshi, which is governed by the CFTC and legal for US citizens, held the number one spot, while Polymarket, available only to international bettors, secured the number two position.
Impact on the Betting Market
- Kalshi's ascent represented a key goal for CEO Tarek Mansour.
- Both apps have outperformed popular platforms such as ChatGPT and TikTok.
- This growth signals significant interest in political betting.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.