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Kalshi is in talks with Polymarket for 20 billion in funding, with valuation significantly surpassing the previous round

Kalshi and Polymarket are in talks for a new funding round of $20 billion, with a significant increase in valuation. Kalshi's valuation has risen from $11 billion to approximately $20 billion, an increase of 82%; Polymarket's valuation has increased from $9 billion to approximately $20 billion, a rise of 122%. Prediction markets have grown rapidly over the past two years, driven by major elections and sporting events, and are facing regulatory impacts from the CFTC. The long-term outlook remains bullish.

Polymarket's trading volume last week reached $1.93 billion, surpassing Kalshi for the first time.

Gate News Report, March 9 — According to Polymarket trader Car, trading activity in the prediction market continued to rise last week. Among them, Polymarket's trading volume last week reached $1.93 billion, surpassing Kalshi's $1.87 billion for the first time. Additionally, Probable's trading volume last week was $133 million, Opinion's was $132 million, and Predict.Fun's was $55 million.

Gate Daily (March 9): MicroStrategy hints at increasing Bitcoin holdings on dips; Kalshi and Polymarket consider raising $20 billion in financing

Bitcoin continues its decline, currently at $66,450. MicroStrategy continues to increase its Bitcoin holdings. Kalshi and Polymarket are expected to raise funds at a $20 billion valuation. Tokens such as APT, STRK, and SEI will face significant unlocks. The market is volatile due to geopolitical tensions and oil prices, with U.S. stock futures falling sharply. Analysts indicate that credit risk has not yet reached the point of collapse.

Polymarket "UAE launched strikes against Iran before March 31" event probability surged to 84% last night

Gate News Report, March 9 — According to data from the Polymarket website, the probability of "the UAE launching an attack on Iran before March 31" surged to 84% last night (March 8 evening), but has now fallen back to 33%. Trading volume for this event has exceeded $1 million. Previously, it was reported that last night the UAE was attacked by Iran, and the US Abu Dhabi Al Dhafra Air Base may have been affected.

BTC briefly drops below $67,000, Polymarket predicts an 80% chance of falling to $65,000 in March

Gate News Report, March 8, with Bitcoin briefly falling below $67,000, Polymarket prediction market data shows an 80% probability that Bitcoin will drop to $65,000 in March. Additionally, there is a 44% chance of falling to $60,000 and a 39% chance of rising to $75,000.

BTC 15-minute decline of 0.70%: Whales flowing into exchanges and leveraged liquidations causing short-term pressure

March 8, 2026, 12:00 to March 8, 2026, 12:15 (UTC), BTC returns recorded -0.70%, with prices rapidly falling back from 67,000.0 to 67,648.9 USDT, and a 15-minute volatility of 0.96%. Short-term fluctuations have attracted market attention, with overall sentiment turning cautious, and trading activity remaining at a relatively low level. The main driver of this anomaly is the concentrated inflow of whale funds onto exchanges, significantly increasing short-term selling pressure. According to Glassnode data, large addresses holding over 1,000 BTC are...