Can someone educate me as to why Kalshi is valued twice as much as polymarket?

Don’t they basically do the exact same thing with around the exact same time with the exact same users group and the exact sectors of VC they are raising from?

software engineer @farcaster || https://www.lokpray.xyz/

Valuation differences often arise from factors like market positioning, user engagement, and investor confidence. Kalshi might have a stronger growth potential or unique features that attract more investors compared to Polymarket.