🛎 Kalshi fielding investment offers at up to $12B valuation shortly after major funding round.

[{"type":"paragraph","children":[{"text":"U.S.-regulated prediction market platform Kalshi is receiving investment proposals from venture capital investors that would value the company at up to $12 billion, Bloomberg reported on Wednesday, citing anonymous sources."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Less than two weeks ago, the "},{"type":"link","url":"https://www.theblock.co/post/374155/kalshis-300m-raise-values-firm-at-5b-as-it-tops-polymarket-in-global-market-share","children":[{"text":"startup raised"}]},{"text":" more than $300 million at a $5 billion valuation. "}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"\"Investors have been eager to back the fast-growing startup, and have discussed funding the company at valuations ranging from $10 billion to $12 billion or higher,\" "},{"type":"link","url":"https://www.bloomberg.com/news/articles/2025-10-22/prediction-market-kalshi-fields-investor-offers-at-over-10-billion-valuation?srnd=phx-crypto","children":[{"text":"Bloomberg said"}]},{"text":", according to sources."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Rival platform Polymarket recently said Intercontinental Exchange would "},{"type":"link","url":"https://www.theblock.co/post/373783/polymarket-discloses-past-funding-rounds-totaling-205-million-before-2-billion-ice-investment","children":[{"text":"invest"}]},{"text":" up to $2 billion in its platform at a $9 billion post-money valuation. This followed Polymarket CEO Shayne Coplan "},{"type":"link","url":"https://www.theblock.co/post/369377/polymarket-can-go-live-in-the-us-following-cftc-ruling-ceo-says","children":[{"text":"recently saying"}]},{"text":" his platform \"has been given the green light to go live in\" the U.S. after having halted operations there in 2022."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"Sports betting"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Wagering on sports, a multibillion-dollar industry already, could become a growth area for both Kalshi and Polymarket. In August, Robinhood said it was launching a pro and college football prediction market where users can wager on the outcome of games through a Kalshi partnership."}]},{"type":"list-item","children":[{"text":"On Wednesday, Polymarket said it will serve as the designated clearinghouse "},{"type":"link","url":"https://www.theblock.co/post/369377/polymarket-can-go-live-in-the-us-following-cftc-ruling-ceo-says","children":[{"text":"for DraftKings"}]},{"text":" if the sports betting giant launches a predictions market following its acquisition of Railbird. "}]},{"type":"list-item","children":[{"text":"The National Hockey League has reportedly reached multi-year "},{"type":"link","url":"https://www.theblock.co/post/375659/nhl-kalshi-polymarket","children":[{"text":"licensing agreements"}]},{"text":" with both Kalshi and Polymarket, according to The Wall Street Journal."}]},{"type":"list-item","children":[{"text":"Kalshi's Head of Crypto, John Wang, recently told The Block the company's prediction market should be available on \"every large crypto application and exchange\" within the "},{"type":"link","url":"https://www.theblock.co/post/373185/kalshi-every-crypto-app-john-wang","children":[{"text":"next 12 months"}]},{"text":"."}]}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"blockchain","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Jucom","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Kalshi","children":[{"text":""}]},{"text":" "}]}]