Kalshi and Polymarket are both seeking funding with valuations of approximately $20 billion.

Odaily Planet Daily reports that prediction market platforms Kalshi and Polymarket are in talks with potential investors for a new round of funding, with target valuations of approximately $20 billion each. Sources say that at the end of last year, both companies were valued at about half this level. As competition in the prediction market intensifies, both sides are accelerating efforts to attract more users and using this to drive negotiations for the new funding round. (The Wall Street Journal)