Polymarket to Announce Major News on Monday, Possibly Related to Token Launch or Funding

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Polymarket is set to announce major news on Monday, potentially related to a token launch or project funding. A team member, Mustafa, hinted at the update on X, sharing a coin symbol that sparked speculation. Earlier reports from the Wall Street Journal indicated that Polymarket and Kalshi are in funding discussions, targeting a $20 billion valuation. Kalshi recently secured over $1 billion in funding, led by Coatue Management, pushing its valuation to $22 billion and annualized revenue to $1.5 billion.

Odaily Planet Daily reports: Mustafa, a member of the Polymarket official team, posted on X that a major announcement will be revealed next Monday. Due to the inclusion of a coin symbol in the post, the community speculates it may relate to a significant funding round or token launch.

Previously, according to the Wall Street Journal, prediction market platforms Kalshi and Polymarket were reportedly in discussions with potential investors for a new funding round, with both aiming for valuations of approximately $20 billion. Recently, Kalshi completed a new funding round exceeding $1 billion, reaching a $22 billion valuation—double its $11 billion valuation from its previous round in December last year. Sources familiar with the matter revealed that this round was led by Coatue Management, and Kalshi’s current annualized revenue stands at $1.5 billion.

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