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Polymarket weighs a new funding for an evaluation of up to $ 10 billion as well as the plans for a revival in the United States, while the competitor Kalshi is approaching fundraising of $ 5 billion.
According to a report by Business Insider which quoted sources familiar with the question, Polymarket considered an offer that would appreciate the company at $ 9 billion, and another which “offered a long -term leaf evaluating Polymarket up to $ 10 billion”.
It would be a huge leap in evaluation for the company, which raised funding to an evaluation of $ 1 billion at the start of the summer, the article said.
Polymarket raised 200 million dollars in June, led by Peter Thiel’s Founders Fund, the venture capital company which was a first project funder such as Openai, Paxos and Palantant.
Polymarket seeks to reintegrate the American market
Polymarket is a decentralized platform that allows users to exchange results of events without centralized bookmaker. He gained importance in the 2024 American presidential election, where his market predicted precisely that Donald Trump would win.
Polymarket treated more than $ 8 billion in Paris during the American electoral campaign, generating more online traffic than the giants of sports betting Fanduel, Draftings and Betfair.
In 2022, Polymarket was prevented from serving American users after a regulation with the Commodity Futures Trading Commission (CFTC). But in July, he bought Florida -based derivatives exchange QCX for around $ 112 million, paying potential to enter the American market.
The CFTC has published a letter without action to QCX earlier this month, which grants a retail repair of certain federal declaration requirements and holding files for event contracts.
The CEO of Polymarket, Shayne Coplan, commented this decision on X at the time, saying that it gives the platform a “green light to go online in the United States”.
Polymarket received the green light to live in the United States by the @CFTC.
Credit to the Commission and the Staff for his impressive work. This process was accomplished in the record calendar.
Stay listening
– Shayne Coplan 🦅 (@shayne_coplan) September 3, 2025
Kalshi approaches fundraising to an evaluation of $ 5 billion
Meanwhile, the information indicated that the Rival of Polymarket Kalshi closes on new funding which would assess it at around 5 billion dollars.
In June, Kalshi obtained $ 185 million at an assessment of $ 2 billion, with a paradigm leading this financing tour. The other investors understood Sequoia, Multicoin, Neo and Bond Capital.
Kalshi ranks among the most active prediction markets, alongside Polymarket, in terms of volume trading and monthly active users.
The platform began to grow following a court decision in 2024 which enabled it to offer contracts for political events. The CFTC had appealed the decision, but ended up voluntarily abandoning this call in May of this year.
Kalshi is still faced with a legal examination in some American states to find out whether some of his event contracts constitute games of chance rather than authorized derivatives.
Since the end of the American presidential elections, Polymarket and Kalshi have seen their active user bases have shrunk.
Despite this, market observers say that the momentum is moving into the prediction market space, mainly fueled by the start of the national season of the football league. Market analyst, Tarek Mansour, noted this week that Kalshi had treated $ 441 million in volume since the start.
Notional volume of the weekly market (source: X))
Competition in space also warms up while more and more companies are pushing to obtain a share of the growing space of the prediction market. These companies include Coinbase, Crypto.com and Underdog, which explore or deplore their own platforms.
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