Kalshi, Polymarket Eye $20B Valuations in Potential Fundraising: WSJ
Cointelegraph
Prediction market platforms Kalshi and Polymarket are reportedly exploring fundraising rounds that could value each company at about $20 billion.Summary
Prediction market platforms Kalshi and Polymarket are reportedly in early-stage discussions with investors for new fundraising rounds that could each value the companies around $20 billion, nearly double their last valuations. Kalshi, which operates in the US as a regulated exchange, was last valued at $11 billion in December. Polymarket, which plans a regulated US launch this year, was valued at about $9 billion in October after an investment from Intercontinental Exchange. Both platforms have recently faced scrutiny from US lawmakers and regulators over insider trading concerns related to suspiciously timed bets on geopolitical events.
(Source：Cointelegraph)