Leading prediction platforms Polymarket and Kalshi are preparing for large funding rounds that could significantly increase their market capitalization.
This is reported by Business • Media
Polymarket’s Valuation Could Reach $10 Billion
Polymarket is exploring options for raising investments at a valuation of up to $9 billion, with one potential investor even suggesting a valuation of $10 billion. This marks a sharp increase compared to the previous round, when the company was valued at $1 billion. Among Polymarket’s investors is Peter Thiel’s Founders Fund. Additionally, the company has signed a partnership agreement with the social network X (formerly Twitter) and has become its official partner in the prediction space.
Kalshi is Also Increasing Its Value
The Kalshi platform, regulated by the CFTC in the U.S., is in the final stages of negotiations to raise investments at a level of $5 billion. This is more than double the project’s previous valuation, which was $2 billion a few months ago. Among Kalshi’s shareholders are investment funds Paradigm and Sequoia Capital. Kalshi has also formed a partnership with Robinhood.
Both platforms ensure compliance with standard identification procedures (KYC) and require dollar deposits. Meanwhile, in August 2025, trading volumes on both platforms decreased: on Polymarket, this figure dropped to $1 billion, while on Kalshi it fell to $875 million.
Polymarket may raise capital at a valuation of up to $10 billion, marking a sharp increase following a $1 billion round this summer.
The growing interest of users in prediction markets is driving competition in this segment. Coinbase is considering launching its own prediction platform, while Crypto.com and Underdog services are already operating in 16 U.S. states.
It was previously reported that one of the top traders on Polymarket placed a bet on a double rate cut by the U.S. Federal Reserve.