WSJ: Kalshi and Polymarket are both seeking funding at a valuation of approximately $20 billion

According to The Wall Street Journal, the prediction market platforms Kalshi and Polymarket are in talks with potential investors for a new round of financing, with target valuations of around $20 billion. Sources indicate that the valuations of both companies were about half of this level at the end of last year.

As competition in the prediction market intensifies, both sides are accelerating their efforts to capture user growth, thereby driving negotiations for the new round of financing.