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407 Prediction Startup Polymarket Fields Offer for $9 Billion Valuation; Kalshi Nears $5 Billion-Valuation Financing

The Information
Katie Roof @ The Information · 09/12/2025 13:23 EDT

Prediction Startup Polymarket Fields Offer for $9 Billion Valuation; Kalshi Nears $5 Billion-Valuation Financing

Startups that enable people to bet on events such as the New York mayoral race, NFL games and the Federal Reserve rate decisions are in talks to raise more money at multi-billion-dollar valuations, as trading volume and rivalry between the two apps intensifies.

Polymarket has considered an offer that would value the company as much as $9 billion, according to people who have spoken to the company’s leaders. That would be a huge jump in price for the startup, which raised money at a $1 billion valuation ear

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