Polymarket and Kalshi are considering a new round of financing at $9 billion and $5 billion valuations, respectively

BlockBeats News, on September 13, The Information quoted anonymous sources, forecast market platforms Polymarket and Kalshi are considering a new round of financing at valuations of $9 billion and $5 billion respectively. "People who spoke with company management revealed that Polymarket is considering a valuation of up to $9 billion. This is a huge leap for startups that have just completed financing at $1 billion this summer." (Business Insider reports that at least one investor has a term list of valuations worth $10 billion." Polymarket rival Kalshi "is approaching financing at $5 billion," more than double its $2 billion valuation several months ago. The trading volume gap between the two platforms is narrowing, with Kalshi recording $875 million in August, compared with $1 billion.