WSJ: Polymarket and Kalshi are continuing to negotiate funding with investors, with valuations reaching $20 billion each.

Mars Finance reports that, according to The Wall Street Journal, the two leading prediction market companies, Polymarket and Kalshi, are currently in talks with potential investors, with valuations around $20 billion each. Last year, it was reported that Polymarket was discussing funding at a valuation of $12 billion. In December, Kalshi completed a $1 billion financing round, bringing its valuation to $11 billion.