Prediction Markets Surge with Kalshi and Polymarket Leading the Way

According to Odaily, prediction markets are rapidly emerging as a new trend in the crypto and fintech sectors. Kalshi has secured over $1.3 billion in new capital this quarter, with its valuation soaring from $5 billion to $11 billion in a matter of weeks. Meanwhile, its competitor Polymarket is in discussions for new funding, aiming for a valuation between $12 billion and $15 billion. The market capital is heavily concentrated on Kalshi and Polymarket, with investors betting on the two platforms forming a duopoly in the prediction market space. They are expected to become central venues for trading event risk and sentiment data. Both platforms are benefiting from a clearer regulatory path in the United States: Kalshi operates as a CFTC-licensed exchange, while Polymarket has recently received CFTC approval to re-enter the U.S. market.