Citing AiCoin, prediction market platform Kalshi has raised over $1.3 billion in new capital this quarter, pushing its valuation from $5 billion to $11 billion. Its main competitor, Polymarket, is in talks for a new funding round targeting a valuation of $12 to $15 billion. Both platforms now dominate the market, with investors expecting them to become central hubs for event risk and sentiment data trading. Kalshi has already received approval from the U.S. Commodity Futures Trading Commission (CFTC), while Polymarket recently secured CFTC approval to re-enter the U.S. market.
Kalshi Valuation Doubles in Weeks, Prediction Market May See Duopoly
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