Polymarket Seeks $20 Billion Valuation as Kalshi Targets $40 Billion

Corporate Action Impact 4
โดย Moby·Read original
Summary · why it matters

Polymarket is reportedly in talks for a new funding round that would value the company above $20 billion, according to Bloomberg. This would be its second markup in four months, following an April round at a $15 billion valuation that included a $600 million investment from Intercontinental Exchange. The move comes as rival Kalshi closed its own round in May at a $22 billion valuation and is now targeting a $40 billion valuation in a third-quarter raise, according to the Financial Times. Polymarket told CNBC in late June that its annualized revenue had climbed well above $1 billion, with daily notional volume on its regulated US exchange exceeding $100 million and its international platform running above $150 million a day.

Impact on stocks 2

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Theme Impact 1

Off-coverage companies 2

PolymarketPrivate▲ Positive
Capitalrelevance

Polymarket's funding round at $20 billion valuation reflects its rapid growth and market position.

KalshiPrivate▲ Positive
Capitalrelevance

Kalshi's valuation target of $40 billion indicates strong growth and investor confidence.

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