Prediction platforms Polymarket and Kalshi are showing significant growth and seeking new investments amid increasing investor interest.
Polymarket's Ambitions
Polymarket, one of the fastest-growing prediction platforms, is aiming to increase its valuation to $9 billion following approval from the U.S. Commodity Futures Trading Commission. In June, the company raised $200 million, achieving a $1 billion valuation. Currently, as reported by Business Insider, at least one investor has offered terms valuing the company at $10 billion.
Kalshi's Traditional Approach to Growth
Kalshi is also on a strong trajectory, planning to finalize a funding round that would value it at $5 billion, more than double its previous valuation. The platform is fully regulated by the CFTC and requires users to deposit U.S. dollars along with standard identity checks, which enhances its credibility in the regulated U.S. market.
Competition in the Prediction Market
Polymarket and Kalshi differ in their operations: the former runs on the Polygon blockchain, allowing anonymous trading, while Kalshi adheres to stricter compliance rules in the U.S. market. Both platforms are attracting significant trading volumes, with Kalshi recording $875 million and Polymarket reaching $1 billion in August. Furthermore, both companies are backed by major investors.
The rise of prediction platforms such as Polymarket and Kalshi indicates growing interest from investors and users, potentially leading to further developments and changes in the market.
