Business
Exclusive | Kalshi and Polymarket Are Each Eyeing Roughly $20 Billion Valuations
Kalshi and Polymarket, the two dominant prediction-market companies, have been racing to sign up users. Now both platforms are talking to investors about raising money at around the same eye-popping valuation: $20 billion.
Kalshi and Polymarket have each recently had discussions with potential backers about fundraising rounds that would value them near that figure, according to people familiar with the matter. Both were last valued at around half that late last year.
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