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PitchBook raises its estimates to 42.3 billion dollars for Kalshi and 20.6 billion dollars for Polymarket, PitchBook reports
- PitchBook raises its estimates to 42.3 billion dollars for Kalshi and 20.6 billion dollars for Polymarket, PitchBook reports — PitchBook's Q4 2026 analyst note raises its estimates for both platforms on stronger trading activity and an improving revenue outlook, valuing Kalshi at 42.3 billion dollars and Polymarket at 20.6 billion dollars. The note says Polymarket's US expansion has narrowed but not closed the gap with Kalshi, which it says leads in trading volume and earnings capacity. (PitchBook)
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