POLYMARKET AND KALSHI EYE MULTI-BILLION VALUATIONS

Summary from the TLDR Crypto newsletter

Prediction market giants Polymarket and Kalshi are preparing new funding rounds at high valuations. Polymarket is planning to raise at $9-10B, and Kalshi at $5B. Polymarket, fresh off receiving CFTC clearance to relaunch in the U.S., is scaling quickly with global pseudonymous trading on Polygon and USDC settlements, while Kalshi remains a CFTC-regulated U.S. platform requiring fiat deposits and KYC.