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So, the fundraising is going strong for prediction platforms 😅 Kalshi and Polymarket are each negotiating a valuation of $20 billion according to WSJ. It's crazy how these two event prediction trading platforms are attracting investors right now.
I wonder if it's just a trend effect or if they really have the metrics to justify that. Polymarket has especially gained a lot of traction recently, and Kalshi is also pushing its development. Both are clearly trying to position themselves as sector leaders.
Do you think they will really close these funding rounds at these valuations? That's still huge numbers for specialized trading platforms.