Kalshi, approved by the Commodity Futures Trading Commission, was last valued at $11 billion, while Polymarket was valued at $9 billion.
Prediction market platforms Kalshi and Polymarket are discussing potential fundraising rounds that could value each company at about $20 billion. The company recently reached an annualized revenue run rate of about $1.5 billion, according to the WSJ report citing people familiar with the business. Similarly, the weekly notional volume (total underlying value of all prediction contracts traded) on Polymarket was $1.9 billion last week, and on Kalshi, $1.87 billion, according to Dune data. The sector has become so popular that companies, including Coinbase and Robinhood, have entered the prediction market. Read more: Prediction market firms could be making $10 billion in yearly revenue by 2030, Citizens Bank says
Source: Wall Street Journal March 07, 2026 16:36 UTC
