Kalshi and Polymarket are trying to convince investors they’re worth $20 billion.
Fresh off another round of controversial bets, accusations of insider trading, and general profiting off human suffering, the two biggest prediction markets are seeking fresh funds. According to the Wall Street Journal, both companies are trying to lure investors at a valuation of $20 billion, nearly twice last year’s. [Link: Kalshi and Polymarket Are Each Eyeing Roughly $20 Billion Valuations | https://www.wsj.com/finance/kalshi-and-polymarket-are-each-eyeing-roughly-20-billion-valuations-d7b9c5d8?gaa_at=eafs&gaa_n=AWEtsqfa7ncIcAJopmvss8GB1cgfVvkaNCy1M5RBRmp-FMLztG1_QpvXTTwZLYSg1f0%3D&gaa_ts=69ac78f9&gaa_sig=jf3MXZV-Dfpeteo2TUMpIurB7JUAF6hXRam5t1I5AzajkxdxJ4-z36jtGc4q-ZsrAMb1BdS1M3cPqRKIHBtLQw%3D%3D | The Wall Street Journal]
