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ploymarket

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Kalshi has recently secured another $1 billion in financing, with its valuation skyrocketing to $11 billion, an incredibly rapid pace, led by Sequoia and Google's investment division. Just over two months ago, it was valued at $5 billion, and now it has basically doubled. Its competitor Polymarket is also surging; it was just valued at $8 billion, and the target for the new funding round is now directly set at $12-15 billion. The recent popularity of both platforms is due to their accurate predictions regarding the elections and the New York City mayoral race, which has led to a surge in attention. Kalshi offers a wide variety of things to bet on, from the presidency, movie ratings, weather, to various strange events, with participation from over 140 countries around the world. Next year, the world's largest sporting event, the World Cup (2026), is almost certain to become a major traffic event for these platforms. As long as they open markets for "Who will be the champion" and "Who can reach the semifinals," it is expected to be even hotter than the elections, with a surge in users and explosive discussions, marking a significant opportunity for them to capture a huge influx of traffic. It is undoubtedly a golden period for prediction markets; previously, people would bet on sports matches, and now it can be resolved directly on-chain. This has made things much more convenient. #Kalsh #Ploymarket
Kalshi has recently secured another $1 billion in financing, with its valuation skyrocketing to $11 billion, an incredibly rapid pace, led by Sequoia and Google's investment division.

Just over two months ago, it was valued at $5 billion, and now it has basically doubled. Its competitor Polymarket is also surging; it was just valued at $8 billion, and the target for the new funding round is now directly set at $12-15 billion.

The recent popularity of both platforms is due to their accurate predictions regarding the elections and the New York City mayoral race, which has led to a surge in attention. Kalshi offers a wide variety of things to bet on, from the presidency, movie ratings, weather, to various strange events, with participation from over 140 countries around the world.

Next year, the world's largest sporting event, the World Cup (2026), is almost certain to become a major traffic event for these platforms. As long as they open markets for "Who will be the champion" and "Who can reach the semifinals," it is expected to be even hotter than the elections, with a surge in users and explosive discussions, marking a significant opportunity for them to capture a huge influx of traffic. It is undoubtedly a golden period for prediction markets; previously, people would bet on sports matches, and now it can be resolved directly on-chain. This has made things much more convenient.
#Kalsh #Ploymarket
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