{"id":1667900,"date":"2026-03-07T22:15:00","date_gmt":"2026-03-08T03:15:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1667900"},"modified":"2026-03-07T22:15:00","modified_gmt":"2026-03-08T03:15:00","slug":"kalshi-polymarket-eye-20b-valuations-in-potential-fundraising-wsj","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/kalshi-polymarket-eye-20b-valuations-in-potential-fundraising-wsj\/1667900\/","title":{"rendered":"Kalshi, Polymarket Eye $20B Valuations In Potential Fundraising: WSJ"},"content":{"rendered":"

Kalshi, Polymarket Eye $20B Valuations In Potential Fundraising: WSJ<\/span><\/p>\n

\n

Authored by Amin Haqshanas via CoinTelegraph.com,<\/em><\/a><\/p>\n

Prediction market platforms Kalshi and Polymarket are reportedly exploring new fundraising rounds that could value the companies at around $20 billion each, roughly double their most recent valuations.<\/strong><\/p>\n

<\/a><\/p>\n

Both platforms have held preliminary discussions with potential investors about raising fresh capital at the elevated valuation,<\/strong> the Wall Street Journal\u00a0reported<\/a>\u00a0on Friday, citing people familiar with the matter. The report noted that the negotiations remain at an early stage and may not result in deals or secure the targeted valuation.<\/p>\n

Kalshi currently operates in the United States and offers markets allowing users to wager on outcomes tied to sports, politics, the economy and cultural events. The company was last\u00a0valued at about $11 billion<\/a>\u00a0in December when it raised $1 billion from investors including Paradigm and Sequoia Capital.<\/p>\n

Founded in 2018 by Tarek Mansour and Luana Lopes Lara, Kalshi received approval from the US Commodity Futures Trading Commission in 2020 to operate as a regulated exchange for event-based markets. The platform has since expanded rapidly and recently surpassed a $1 billion revenue run rate, with some estimates placing the figure closer to $1.5 billion.<\/p>\n

Polymarket plans US launch later this year<\/h2>\n

Polymarket, launched in 2020 by Shayne Coplan, remains inaccessible to US users without a virtual private network but plans to introduce a regulated domestic version of its platform later this year. The company was valued at roughly $9 billion in October after Intercontinental Exchange, the owner of the New York Stock Exchange,\u00a0agreed to invest up to $2 billion<\/a>.<\/p>\n

Both platforms have drawn attention from lawmakers and regulators. As Cointelegraph reported, US Democratic lawmakers\u00a0are drafting legislation to regulate<\/a>\u00a0prediction markets after suspiciously timed bets on the timing of US and Israeli strikes on Iran raised insider-trading concerns.<\/strong><\/p>\n

Senator Chris Murphy alleged that individuals close to the White House may have used advance knowledge of the attack to place bets, noting that several Polymarket accounts\u00a0reportedly made about $1 million<\/a>\u00a0by wagering just hours before explosions were reported in Tehran.<\/p>\n

Polymarket faces insider trading suspicions<\/h2>\n

Polymarket has faced multiple insider trading allegations after several traders placed unusually well-timed bets on major events.<\/strong> A small group of crypto wallets recently\u00a0made more than $1.2 million<\/a>\u00a0betting on a market tied to an onchain investigation into DeFi platform Axiom shortly before blockchain investigator ZachXBT published claims about insider trading linked to the project.<\/p>\n

In a separate incident last month, another Polymarket account\u00a0reportedly earned about $400,000<\/a>\u00a0after placing a large wager on the capture of Venezuelan President Nicol\u00e1s Maduro shortly before the news became public, further raising questions about whether some traders had advance information.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSat, 03\/07\/2026 – 17:15<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/crypto\/kalshi-polymarket-eye-20b-valuations-potential-fundraising-wsj<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Kalshi, Polymarket Eye $20B Valuations In Potential Fundraising: WSJ Authored by Amin Haqshanas via CoinTelegraph.com, Prediction market platforms Kalshi and Polymarket are reportedly exploring new…<\/p>\n","protected":false},"author":0,"featured_media":1667901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1667900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1667900"}],"version-history":[{"count":1,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667900\/revisions"}],"predecessor-version":[{"id":1667917,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667900\/revisions\/1667917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1667901"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1667900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1667900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1667900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}