Kalshi's valuation exceeds that of major traditional sports betting firms

KuCoinFlash

Release Time: 03/21/2026 07:55:36

Summary

Kalshi’s valuation reached $22 billion, according to the latest daily market report, surpassing major sports betting companies such as FanDuel, DraftKings, and bet365. FanDuel (Flutter) follows at $19 billion, DraftKings at $12.75 billion, and bet365 at $12 billion. The Fear & Greed Index for prediction markets remains elevated, with Kalshi leading the sector.

Odaily Planet Daily reports that predictive market data platform Predictefy posted on X that the valuation of predictive market platforms has surpassed that of traditional sports betting companies, with Kalshi currently valued at $22 billion, higher than all traditional sports betting companies.

The valuation rankings of related entities are as follows:

Kalshi is $22 billion;

FanDuel (Flutter) is $19 billion;

DraftKings at $12.75 billion;

bet365 is $12 billion;

BetMGM is $9.4 billion;

Polymarket is valued at $9 billion (post-most recent funding round);

Caesars Palace is $5.8 billion;

Betway (Super Group) is $5.4 billion;

Entain Group: $4.6 billion;

ESPNBET is $2.8 billion.

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