2026-01-10 08:31:41

The prediction market boom is indeed burning hot worldwide, but upon closer inspection, the actual performance of the two leading platforms—Polymarket and Kalshi—both valued at over $10 billion—has been quite disappointing.

To put it simply, they are now just wildly chasing growth numbers, but the product itself has basically stagnated. The most obvious problem is platform stability: system failures happen every few days, yet no effective improvement plans have been seen. Trading experiences are sluggish, market data is delayed—these fundamental issues are piling up one after another.

It seems they are thriving in fundraising and valuation, but when it comes to the core product, both are stuck in a dilemma—rushing to grow bigger, but neglecting to solidify their fundamentals. How far can this model go?

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BlockchainGriller

· 2h ago

Hundreds of billions in valuation and still dropping the ball every day—this deal is really outrageous. Polymarket frequently malfunctions, indicating that the team doesn't really prioritize user experience. Raising funds rapidly doesn't mean the product is good; there are too many pitfalls in this circle right now. Rapid expansion has resulted in a mess of basic functions—classic case of putting the cart before the horse. Eventually, these two platforms will pay the price for their impatience.

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ReverseTradingGuru

· 01-10 08:53

A valuation of hundreds of billions of dollars but can't even ensure basic stability—this is a classic bubble. The system crashes every few days yet they still dare to raise funds. If I were an investor, I would have already lost face.

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CryptoMom

· 01-10 08:40

Hundred-billion valuation keeps crashing every day? Isn't this just a bubble?

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just_here_for_vibes

· 01-10 08:34

Hundred-billion valuation but can't even ensure stability, this logic is truly incredible This is the financing game, having impressive numbers is the most important System failures happen every few days, and they still have the nerve to call themselves a leading platform? Laughable Rushing to go public and make quick money, who cares about user experience anymore You're right, product strength is the real key to success

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ImpermanentPhobia

· 01-10 08:32

Hundred-billion valuation, crashing every day. What the heck is going on? Where did all the money go?

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