Both prediction market firms Kalshi and Polymarket are seeking funding at valuations of approximately $20 billion.

Huoxun Finance reported on March 7th that, according to the Wall Street Journal, prediction market platforms Kalshi and Polymarket are reportedly in talks with potential investors for a new round of funding, each targeting a valuation of approximately $20 billion. Sources familiar with the matter indicated that the two companies were valued at about half that level at the end of last year. As competition intensifies in the prediction market, both companies are accelerating their efforts to gain user growth and thereby drive these new funding negotiations.