Kalshi Surpasses Traditional Sports Betting Giants with $22 Billion Valuation

Odaily News According to a post on X by prediction market data platform Predictefy, the valuation of prediction market platforms has now surpassed that of traditional sports betting companies. Kalshi currently holds a valuation of $22 billion, exceeding all traditional sports betting firms.

The relevant entity valuations are ranked as follows:

Kalshi: $22 billion;

FanDuel (Flutter): $19 billion;

DraftKings: $12.75 billion;

bet365: $12 billion;

BetMGM: $9.4 billion;

Polymarket: $9 billion (valuation from its latest funding round);

Caesars Palace: $5.8 billion;

betway (Super Group): $5.4 billion;

Entain Group: $4.6 billion;

ESPN BET: $2.8 billion.