BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Prediction Market Kalshi’s Valuation Soars to $5B Amid Expansion
Prediction Market Kalshi’s Valuation Soars to $5B Amid Expansion
20
3
BTCCSquare news:
Prediction markets Kalshi and Polymarket have seen their valuations skyrocket in recent months, driven by expansion into new categories and jurisdictions. Kalshi's valuation more than doubled to $5 billion in just three months, following a $300 million funding round backed by Sequoia Capital, Andreessen Horowitz, and Coinbase Ventures.
The platforms' foray into sports-related contracts has proven particularly lucrative, despite Bank of America analysts labeling them as "untaxed gambling." Trading volumes have surged, with Kalshi reportedly exceeding $1 billion in activity, underscoring the sector's rapid growth and investor appetite for alternative betting markets.
By:
