{"id":7317,"date":"2026-03-09T09:59:41","date_gmt":"2026-03-09T09:59:41","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=7317"},"modified":"2026-03-09T09:59:41","modified_gmt":"2026-03-09T09:59:41","slug":"kalshi-and-polymarket-each-eye-20b-valuations-as-prediction-markets-hit-18b-monthly-volume","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=7317","title":{"rendered":"Kalshi and Polymarket Each Eye $20B Valuations as Prediction Markets Hit $18B Monthly Volume"},"content":{"rendered":"

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  • Kalshi and Polymarket are in preliminary talks for new funding rounds that would value each platform at approximately US$20 billion, doubling their most recent valuations of US$11 billion, and US$9 billion, respectively.<\/span><\/li>\n
  • Combined monthly trading volume for both platforms reached US$18.3 billion in February 2026, up from under US$2 billion in August 2025, with Kalshi reporting an annualised revenue run rate of approximately US$1.5 billion.<\/span><\/li>\n
  • Both platforms face mounting regulatory pressure, including a congressional proposal to restrict markets on warfare and sports.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Kalshi and Polymarket are seeking fresh capital after a sharp rise in trading activity, with both platforms reportedly discussing fundraising rounds that could value them at about US$20 billion (AU$28.6 billion).<\/p>\n

    That would be a steep jump in a matter of months. Kalshi was valued at US$11 billion (AU$15.73 billion) in December 2025 after raising US$1 billion (AU$1.43 billion). Polymarket was valued at US$9 billion (AU$12.87 billion) in October, when Intercontinental Exchange agreed to commit up to US$2 billion (AU$2.86 billion).<\/p>\n

    The main argument for higher valuations is growth. Combined monthly trading volume on the two platforms reached US$18.3 billion (AU$26.17 billion) in February 2026, up from less than US$2 billion (AU$2.86 billion) in August 2025.\u00a0<\/p>\n

    Kalshi has also reached an annualised revenue run rate of about US$1.5 billion (AU$2.15 billion), according to people cited by the Wall Street Journal.<\/p>\n

    Related: Banks Push Back After Fed Grants Kraken Financial Access to Payment Rails<\/strong><\/p>\n

    More Scrutiny<\/h2>\n

    But the expansion is not without its fair dose of intense scrutiny.\u00a0<\/p>\n

    US lawmakers Blake Moore and Salud Carbajal have proposed limiting contracts tied to war and sports, arguing that some event markets create broader social risks. Kalshi is also facing a class-action lawsuit over claims it did not pay US$54 million (AU$77.22 million) tied to a market on Ayatollah Ali Khamenei\u2019s exit.<\/p>\n

    Trading activity on both platforms has also raised concerns about information asymmetry after reports of large bets from newly created wallets ahead of major geopolitical events.<\/p>\n

    Polymarket\u2019s next step is especially important. The platform still bars U.S. users, though VPN access has remained a loophole. It is now planning a regulated U.S. version in 2026, which could materially expand its market.<\/p>\n

    Kalshi already holds that advantage. As the only CFTC-approved event exchange in the US, it has a regulatory position that may help defend its business even as oversight tightens.<\/p>\n

    Related: Morgan Stanley Taps BNY Mellon and Coinbase as Custodians for Bitcoin ETF<\/strong><\/p>\n<\/p><\/div>\n

    Kalshi,Polymarket,Prediction Market#Kalshi #Polymarket #Eye #20B #Valuations #Prediction #Markets #Hit #18B #Monthly #Volume1773050381<\/p>\n","protected":false},"excerpt":{"rendered":"

    Kalshi and Polymarket are in preliminary talks for new funding rounds that would value each platform at approximately US$20 billion, doubling their most recent valuations of US$11 billion, and US$9 billion, respectively. Combined monthly trading volume for both platforms reached US$18.3 billion in February 2026, up from under US$2 billion in August 2025, with Kalshi<\/p>\n","protected":false},"author":1,"featured_media":7318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[3164,3163,1559,114,1384,450,1969,792,765,1285,734],"class_list":{"0":"post-7317","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-18b","9":"tag-20b","10":"tag-eye","11":"tag-hit","12":"tag-kalshi","13":"tag-markets","14":"tag-monthly","15":"tag-polymarket","16":"tag-prediction","17":"tag-valuations","18":"tag-volume"},"yoast_head":"\nKalshi and Polymarket Each Eye $20B Valuations as Prediction Markets Hit $18B Monthly Volume - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=7317\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kalshi and Polymarket Each Eye $20B Valuations as Prediction Markets Hit $18B Monthly Volume\" \/>\n<meta property=\"og:description\" content=\"Kalshi and Polymarket are in preliminary talks for new funding rounds that would value each platform at approximately US$20 billion, doubling their most recent valuations of US$11 billion, and US$9 billion, respectively. 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