Predictefy, a prediction market data platform, published an article on its X platform stating that prediction market platforms have surpassed traditional sports betting companies in valuation. Kalshi is currently valued at $22 billion, higher than all traditional sports betting companies. The valuation rankings of related entities are as follows: Kalshi $22 billion; FanDuel (Flutter) $19 billion; DraftKings $12.75 billion; bet365 $12 billion; BetMGM $9.4 billion; Polymarket $9 billion (valuation in its most recent funding round); CaesarsPalace $5.8 billion; betway (Super Group) $5.4 billion; EntainGroup $4.6 billion; ESPNBET $2.8 billion.