Prediction market platforms Kalshi and Polymarket are both seeking funding at a $20 billion valuation

GateNews

2026-03-08 00:36:34

Gate News reports that on March 8, the prediction market platforms Kalshi and Polymarket are in talks with potential investors for a new round of funding, with target valuations of approximately $20 billion each. Sources familiar with the matter say that both companies were valued at around $10 billion at the end of last year, and this funding round aims to double that valuation. As competition in the prediction market intensifies, both sides are accelerating efforts to attract more users and leverage this to drive negotiations for the new funding round.

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