Prediction market platforms Kalshi and Polymarket are reportedly in early discussions with investors about fundraising rounds that could value each company at around $20bn.
Kalshi, Polymarket Eye $20bn Valuations in Funding Talks: WSJ
9 March 2026 - 10:26 CET
By Matt Neill
The potential valuations would roughly double their most recent valuations from late 2025, reflecting surging investor interest in prediction markets that allow users to wager on outcomes ranging from politics and economics to sports and pop culture, according to a Wall Street Journal report.
Kalshi, which operates in the US as a regulated exchange approved by the Commodity Futures Trading Commission (CFTC), was last valued at $11bn after raising $1bn in December from investors including Paradigm and Sequoia Capital, the WSJ said.
Polymarket, valued at $9bn in October following a planned investment of up to $2bn from Intercontinental Exchange, currently restricts US users but plans to launch a domestically regulated version of its platform later this year, according to the report.
