Key facts
- Polymarket accused its competitor Kalshi of corporate espionage.
- Polymarket alleges Kalshi copied its product launches.
- Polymarket suspects Kalshi may have been monitoring its offices.
- Polymarket has launched an internal investigation into the allegations.
- Polymarket has compiled a dossier of suspicious incidents.
Polymarket has accused its competitor, Kalshi, of corporate espionage. According to a New York Post report, Polymarket alleges that the federally regulated exchange has repeatedly copied its product launches. Polymarket also suspects that Kalshi may have been observing its offices in SoHo. The crypto-native platform has reportedly launched an internal investigation and has been documenting suspicious incidents, even tinting its office windows as a precautionary measure. Meanwhile, rising volume on Polymarket and Kalshi is attracting quantitative firms to prediction markets, which are exploiting market inefficiencies for profit rather than focusing on event outcomes.