Polymarket and Kalshi, key players in prediction markets, seek to increase their valuations to $9-10 billion and $5 billion, respectively, through new funding rounds.
Polymarket Targets $9–$10 Billion
Polymarket, founded by Shane Coplan, aims for a valuation in the range of $9–$10 billion. This development comes amidst increasing institutional investment in the prediction market sector, indicating strong market confidence. Shane Coplan, Polymarket's CEO, mentioned: "We are committed to making prediction markets accessible and legally compliant for everyone. This year’s growth has been unprecedented, and we’re excited about what’s next."
Kalshi Aims for $5 Billion through Partnerships
Kalshi, co-founded by Tarek Mansour and Luana Lopes Lara, targets a $5 billion valuation through partnerships with major investors. The anticipated valuations for both Polymarket and Kalshi may attract more institutional investors, especially as Kalshi complies with regulatory frameworks as a CFTC-regulated entity.
Election Performance Elevates Polymarket's Market Standing
Polymarket's performance during the 2024 US presidential election sets a precedent for its valuation increase, with heightened accuracy and market volume enhancing the sector's credibility. Analysts predict that these funding efforts could solidify both platforms as central players in the decentralized prediction market.
The funding rounds and valuation increases of Polymarket and Kalshi could establish these companies as significant players in the evolving prediction market, while also contributing to broader adoption and technological advancement in decentralized finance.
