Kalshi Polymarket Eye $20B Valuation Rounds

Kalshi and Polymarket Consider $20 Billion Valuations in New Fundraising Rounds

• Prediction market platforms Kalshi and Polymarket are exploring fundraising rounds potentially valuing each near $20 billion.
• Kalshi was valued at approximately $11 billion after a $1 billion investment from Paradigm and Sequoia Capital in December.
• Polymarket received a valuation of about $9 billion in October, with investments up to $2 billion from Intercontinental Exchange.
• Both companies face scrutiny over geopolitical event markets, prompting legislative actions for tighter oversight.
• Kalshi operates in the US, while Polymarket plans to launch a regulated domestic version this year.

Kalshi and Polymarket are in early talks for fundraising rounds that could value each company at around $20 billion. Both platforms have faced scrutiny over geopolitical markets, leading to legislative efforts for increased regulation.