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Kalshi and Polymarket Explore New Funding at Around $20 Billion Valuations
Prediction market platforms Kalshi and Polymarket are reportedly in talks over fresh fundraising rounds that could value each business at roughly $20 billion. These prospective valuations would represent a steep jump from their prior rounds, where Kalshi was valued at $11 billion and Polymarket at $9 billion, reflecting strong investor interest despite rising regulatory scrutiny.