Kalshi locks in $22 billion valuation, gaining slight edge over its rival Polymarket
Kalshi, the largest prediction market in the U.S., now boasts a $22 billion valuation, as it jumps ahead of its main competitor Polymarket. The investment firm Coatue Management is leading a $1 billion investment round at the new valuation, according to the Wall Street Journal.
Reported by 1 outlet — Fortune. See all sources ↓
Kalshi, the largest prediction market in the U.S., now boasts a $22 billion valuation, as it jumps ahead of its main competitor Polymarket. The investment firm Coatue Management is leading a $1 billion investment round at the new valuation, according to the Wall Street Journal. A spokesperson for Kalshi declined to comment on the raise. Kalshi’s valuation comes as the company trades punches with Polymarket in a heavyweight duel for the top spot in the prediction market industry.
Read the full report at Fortune ↗
Why it matters
A world story we're tracking; its significance and source trust firm up as more outlets confirm it.
- What's the story?
- Kalshi, the largest prediction market in the U.S., now boasts a $22 billion valuation, as it jumps ahead of its main competitor Polymarket. The investment firm Coatue Management is leading a $1 billion investment round at the new valuation, according to the Wall Street Journal.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 15m ago.
How outlets are framing the same story
Here's how each outlet is covering the story — compare their headlines and timing at a glance.
- Coverage card1 outlet1CoverageScouting report
Kalshi locks in $22 billion valuation, gaining slight edge over its rival Polymarket
Sources1TypeCoverageFortune