Kay Capital
Kay Capital|Jan 16, 2026 14:01
Binance's 2025 annual report highlighted three key projects in the market—Polymarket, Kalshi, and Opinion. Poly and Kalshi definitely have a big first-mover advantage since they started early. Opinion managed to capture such a large market share in just 3 months. While the points campaign had an impact, it indeed attracted a lot of new users. After the Christmas event ended, on one hand, the load pressure decreased, and on the other hand, the team has been continuously optimizing the technology. So, the current experience is indeed much better compared to before.
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