Rival Kalshi Raises $1 billion Funding Round

Rival Kalshi closed a round in May that valued it at $22 billion, underscoring investor appetite for prediction markets. Polymarket is reportedly seeking $1 billion in new funding at a valuation exceeding $20 billion, up from $15 billion in April.

What it does

Rival Kalshi closed a round in May that valued it at $22 billion, underscoring investor appetite for prediction markets. Polymarket is reportedly seeking $1 billion in new funding at a valuation exceeding $20 billion, up from $15 billion in April.

Traction

$15 billion in April participated in the latest tracked round; deeper traction analysis is held until source support is strong enough.

Trend impact

MD-grade thesis held: available source material is not specific enough to support a non-generic investor-economist read without overclaiming.

Funding history

• August 6, 2026 · Funding Round · $1 billion · $15 billion in April