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Polymarket and Kalshi Eye Multi-Billion Valuations as Decentralized Betting Heats Up
Polymarket and Kalshi Eye Multi-Billion Valuations as Decentralized Betting Heats Up
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BTCCSquare news:
Prediction platforms Polymarket and Kalshi are capitalizing on the surge in decentralized betting, with both firms reportedly in advanced talks to secure funding at staggering valuations. Polymarket, once valued at $1 billion, is now eyeing a $9-$10 billion valuation, while Kalshi is nearing a $5 billion mark—a dramatic leap from its $2 billion initial round.
The sector has seen explosive growth, with markets raising a record $216 million in betting deals this year, tripling 2024's total. Strategic partnerships with industry giants like Robinhood and X are fueling expansion, as crypto-native prediction markets gain mainstream traction.
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