Kalshi and Polymarket weigh funding rounds at $20B valuations
Crypto Briefing
Prediction market platforms Kalshi and Polymarket are exploring funding rounds that could value them near $20 billion.Summary
Prediction market platforms Kalshi and Polymarket are reportedly in early discussions with investors for new funding rounds that could value each company around $20 billion, double their previous valuations late last year. Kalshi, which operates in the US and was last valued at $11 billion, has reached an annualized revenue run rate near $1.5 billion. Polymarket, which plans to launch a regulated US version this year, was last valued at $9 billion. These potential funding talks occur amid increasing scrutiny from lawmakers regarding markets tied to geopolitical events, prompting calls for tighter oversight, even as both platforms aggressively pursue new users.
(Source：Crypto Briefing)