Kalshi and Polymarket Both Seek Funding at Approximately $20 Billion Valuations

Odaily News Prediction market platforms Kalshi and Polymarket are reportedly in talks with potential investors for a new round of funding, each targeting a valuation of around $20 billion. Informed sources indicate that the valuations of both companies were about half this level at the end of last year. As competition in the prediction market intensifies, both sides are accelerating their efforts to compete for user growth, leveraging this to drive new funding negotiations. (The Wall Street Journal)