Prediction market Trepa and Fireplace shut down as Kalshi and Polymarket capture 93% of sector volume
Prediction markets Trepa and Fireplace announced shutdowns hours apart, setting a Sept. 30 withdrawal deadline for users. Kalshi and Polymarket control 93% of prediction market volume. One shuttered platform published analysis arguing the crypto industry’s reported active user base significantly overstates actual engagement.
Sources: The Defiant
This article is for information only and is not financial advice.
What the market did
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