Kalshi and Polymarket Eye $20B Valuations in Fundraising Push as Trump’s Cyber Strategy Backs Crypto Security
Prediction market platforms Kalshi and Polymarket are exploring funding rounds that could value each at approximately $20 billion, a significant premium to their last raises of $11 billion and $9 billion respectively. The moves come amid surging investor interest in speculative markets despite increasing regulatory scrutiny.
Separately, the Trump administration's newly released National Cyber Strategy explicitly endorses strengthening cryptocurrency and blockchain security. The policy document emphasizes quantum-resistant protections and secure digital infrastructure development, positioning the US to maintain cyber dominance. "We will build secure technologies and supply chains that protect user privacy from design to deployment," the strategy states, with particular focus on safeguarding distributed ledger networks.
