Kalshi locks in $22 billion valuation, gaining slight edge over its rival Polymarket
Kalshi, the largest prediction market in the U.S., now boasts a $22 billion valuation, as it jumps ahead of its main competitor Polymarket. The investment firm Coatue Management is leading a $1 billion investment round at the new valuation, according to the Wall Street Journal.
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Kalshi, the largest prediction market in the U.S., now boasts a $22 billion valuation, as it jumps ahead of its main competitor Polymarket. The investment firm Coatue Management is leading a $1 billion investment round at the new valuation, according to the Wall Street Journal. A spokesperson for Kalshi declined to comment on the raise. Kalshi’s valuation comes as the company trades punches with Polymarket in a heavyweight duel for the top spot in the prediction market industry.
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- What's the story?
- Kalshi, the largest prediction market in the U.S., now boasts a $22 billion valuation, as it jumps ahead of its main competitor Polymarket. The investment firm Coatue Management is leading a $1 billion investment round at the new valuation, according to the Wall Street Journal.
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- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 11m ago.
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Kalshi locks in $22 billion valuation, gaining slight edge over its rival Polymarket
Sources1TypeCoverageFortune