Leading Prediction Market Firms in Talks to Raise Funds at Valuation of Approximately $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 funding round at a company valuation of approximately $20 billion (3.1 trillion yen) each. This valuation is roughly double that of the end of last year, and the negotiations are in their initial stages. Kalshi is aiming for a significant expansion by December 2025, with backing from major investors such as Paradigm and Sequoia...