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Kalshi and Polymarket eyeing $20bn valuations while pursuing new funding
- Kalshi and Polymarket eyeing $20bn valuations while pursuing new funding — Kalshi and Polymarket are in early talks with investors that could value each company near $20 billion, per the Wall Street Journal. Kalshi closed a $1 billion Series E at an $11 billion valuation in December, while Polymarket took a $2 billion investment from ICE at an $8 billion-plus valuation, as valuations slide for listed sportsbooks like Flutter and DraftKings. (GambleRss (via Wall Street Journal))
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