Kalshi and Polymarket may face acquisition bids as prediction market sector consolidates

Brokerage firm Bernstein has identified Kalshi and Polymarket as potential merger and acquisition targets amid growing consolidation in the prediction markets industry. The firm noted that operational convergence is increasingly blurring boundaries between exchanges, brokerages, and sportsbooks. This overlap is creating favorable conditions for acquisitions across the broader prediction market ecosystem. As the sector matures, larger players may look to absorb prominent platforms to expand their market footprint.