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Polymarket will announce major news next Monday
Odaily Planet Daily reports that Mustafa, a team member of Polymarket, posted on X platform indicating that a major announcement will be made next Monday. Since the tweet contains a coin symbol, the community speculates it may be related to funding or a token launch.
According to The Wall Street Journal, the prediction market platforms Kalshi and Polymarket are reportedly in talks with potential investors for a new funding round, with both aiming for a valuation of around $20 billion. Recently, Kalshi completed a new funding round exceeding $1 billion, with a valuation of $22 billion, doubling from the $11 billion valuation in its previous round in December last year. Sources familiar with the matter say this round was led by Coatue Management, and Kalshi currently has an annual revenue of $1.5 billion.