Polymarket Weighs $9B Valuation as Kalshi Eyes $5B, Report Says
Polymarket and Kalshi are reportedly weighing fresh fundraising rounds at valuations of $9 billion and $5 billion, respectively, according to a new report from The Information.
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Kalshi, Polymarket, Prediction markets
Technology newsletter The Information reports that both prediction market operators are entertaining new cash infusions: Polymarket has weighed an offer that could peg its valuation as high as $9 billion, while Kalshi is said to be nearing a financing of around $5 billion. The report, citing unknown people familiar with the discussions, emphasizes that the companies are considering options rather than announcing deals, and timelines or ticket sizes were not disclosed.
If completed, the mooted raises would reset price tags that were far lower earlier this year, signaling how investor appetite for event-trading platforms has heated up. For now, the takeaway is simple: bankers and growth funds are circling, slides are likely being swapped, and lawyers are probably drafting term sheets somewhere. Until either company makes it official, The Information’s sourcing is a hint—and it points to fundraising likely being on the table at those headline valuations.
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