Since prediction markets exploded in popularity in 2024, the industry’s two leading players, Kalshi and Polymarket, have been raising staggering amounts of money. In the case of Kalshi, the startup notched a $1 billion Series F in May that valued it at $22 billion, and investors are eyeing an…
In the baseline scenario, Kalshi's forecasting platform is estimated to cost $30.4 billion. In a pessimistic way, the figure drops to $22.8 billion, and in an optimistic way it reaches $42.1 billion. Such calculations are contained in a 46-page study by the PitchBook Financial Analysis Company.