B2C markets start as duopolies.
But nearly always end with one dominant winner.
Uber now 30x Lyft. Doordash now 100x Grubhub. Tinder now 10x Bumble. Spotify now 10x Pandora. Coinbase 100x Gemini.
Polymarket v Kalshi is 1:1 today but I promise you it will not end like that.
From X
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