Leading Prediction Market Firms Discussing Fundraising at Valuations Around $20 Billion Each

As reported by The Wall Street Journal on the 6th, leading prediction market players Kalshi and Polymarket are in discussions with potential investors for a fundraising round at a company valuation of approximately $20 billion (3.1 trillion yen) each. This valuation is roughly double their value at the end of last year, and the negotiations are in their initial stages. Kalshi aims to...