How Prediction Markets Are Spawning an Entire Trading Industry

How prediction markets are spawning an entire trading industry

Prediction markets like PolyMarket and Kalshi are hitting valuations in the tens of billions as Gen Z entrepreneurs look to take advantage of betting on the uncertainties of life. NBC News’ Allie Canal reports on how the budding trade markets could also be reined in.

Report: Kalshi and Polymarket eyeing $20bn valuations while pursuing new funding

Prediction markets platforms Kalshi and Polymarket are seeking valuations of $20bn (£15bn) as they pursue new sources of investment.   As reported by the Wall Street Journal, both companies are in talks with potential investors with a view to landing a 10-figure valuation.   The report stressed that fundraising rounds could value both privately owned entities at close to the $20bn, but with talks in early stages there is no guarantee of the tout…

Report: Prediction Markets Polymarket and Kalshi Eye $20B Valuations as Investor Interest Builds

According to a recent report, the two heavyweight prediction markets, Polymarket and Kalshi, are said to be chatting with prospective backers about fresh fundraising rounds. Current figures place Kalshi’s valuation near $11 billion and Polymarket’s around $9 billion, and if capital does come calling, each company is eyeing a lofty $20 billion post-money valuation. Polymarket […]

Polymarket and Kalshi Each Targeting $20 Billion Valuations

Prediction markets Kalshi and Polymarket are reportedly raising funds, and both companies are targeting the same valuation of $20 billion.

Kalshi and Polymarket weigh funding rounds at $20B valuations - Invest In Crypto News

Prediction market platforms Kalshi and Polymarket are exploring fundraising rounds that could value each company near $20 billion, according to a Wall Street Journal report. Both companies have recently held early discussions with potential investors about new funding rounds, according to people familiar with the matter. Each platform was last valued at roughly half that amount late last year. The talks remain preliminary and may not lead to dea…

Kalshi and Polymarket weigh funding rounds at $20B valuations – #CryptoUpdatesGNIT

Prediction market platforms Kalshi and Polymarket are exploring fundraising rounds that could value each company near $20 billion, according to a Wall Street Journal report. Both companies have recently held early discussions with potential investors about new funding rounds, according to people familiar with the matter. Each platform was last valued at roughly half that amount late last year. The talks remain preliminary and may not lead to dea…