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Report: Kalshi and Polymarket eyeing $20bn valuations in new funding rounds
- Report: Kalshi and Polymarket eyeing $20bn valuations in new funding rounds — The Wall Street Journal reports both Kalshi and Polymarket are in early talks with investors that could value each company near $20 billion, following Kalshi's December $1 billion Series E at an $11 billion valuation and Polymarket's $2 billion ICE investment at over $8 billion. Meanwhile Flutter and DraftKings market caps have been slashed as prediction markets pressure sports betting operators. (GambleRss (via WSJ))
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