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TechFlow News, March 7: According to The Wall Street Journal, Kalshi and Polymarket—two leading prediction market platforms—are each in talks with investors for a new funding round, with both companies reportedly valued at approximately $20 billion—nearly double their valuations at the end of last year. Both firms have recently ramped up investments in social media and campus outreach to compete for users.
According to The Wall Street Journal, Kalshi and Polymarket—two major prediction market platforms—are separately in talks with investors for new funding rounds, with both companies’ valuations nearing $2 billion, almost doubling from their end-of-last-year valuations. Recently, both firms have intensified their investments in social media and campus promotions to compete for users.
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