Last week, the forecast market heat continued to rise, Kalshi and Polymarket announced the completion of a new round of financing. Among them, Polymarket raised $2 billion from the Intercontinental Exchange (ICE), which brought the platform valuation to $9 billion; Kalshi raised $300 million at a valuation of $5 billion.
The two rounds have spawned at least one new billionaire. According to Bloomberg, Polymarket's Shayne Coplan became the youngest self-made billionaire after this financing.
Kalshi's market share of Polymarket peaked at 60 per cent in September - a marked reversal from Polymarket's dominance of trading activity earlier this year, when the two platforms combined for a record $1.44 billion.
In September, the combined transaction volume of Kalshi and Polymarket reached 1.44 billion US dollars, setting a record
2025-10-13 23:44:00
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