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Kalshi & Polymarket Gain Traction in Apple’s App Store
Top prediction market betting apps are hitting new heights on the App Store.
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With Election Day firmly underway, many people eager to join the election betting trend before the polls close, causing a pair of top apps to surge in downloads.
What’s the scoop?
- Top Spots: Betting app Kalshi, which allows stateside users to bet on U.S. elections contracts took the top spot in the financial category on Apple’s App Store while Polymarket reached the 4th place spot.
- Surging Volume: Today alone, Polymarket has seen around $78 million in volume, with over 80% of it coming from users placing bets on the elections.
Bankless Take:
Polymarket might just be a simple betting protocol, but it's a step toward what the crypto community has been hoping for: mainstream adoption of an app with Web3 tech under the hood that feels seamless to users. While the surge in usage is largely driven by election betting, and likely to dip afterward, this moment serves as a significant stress test for both Polymarket and its infrastructure partner, UMA, as they handle high-volume activity. It will be interesting to see if they can manage this scale without any issues.