Prediction-market platforms Polymarket and Kalshi are entering a new phase of hyper-growth as investor appetite for regulated and blockchain-based forecasting markets intensifies.
According to Bloomberg, both companies are pursuing aggressive expansion strategies across crypto, international markets, and compliant U.S. trading, moves that could reshape the global prediction-market landscape.
Polymarket's Global Expansion and Funding
Polymarket, which operates on blockchain rails, is reportedly in discussions to raise a new funding round at a valuation exceeding $12 billion, with some investors suggesting it could stretch higher depending on market conditions.
The platform is also pushing deeper into international markets and is seeking to resume operations with clients in the United Arab Emirates, positioning itself to tap into the region’s fast-growing digital asset ecosystem. Industry sources say Polymarket’s expansion is part of a broader plan to capture more global liquidity and institutional participation.
Kalshi's Regulatory Advantage and Growth
Meanwhile, U.S.-regulated competitor Kalshi is leveraging its unique position as the only CFTC-approved prediction market operator in the United States.
With full regulatory approval for certain event-based markets, Kalshi is expanding deeper into the compliant trading space, offering a streamlined and legally recognized platform for event futures. Bloomberg reports that Kalshi is currently valued at around $10 billion, supported by interest from major investors.
Divergent Strategies Shaping the Future
The divergence in strategy highlights a rapidly maturing industry: Polymarket continues to scale globally with crypto-based markets, while Kalshi grows within the regulated finance environment of the United States.
Analysts say the two approaches, one decentralized, one compliance-driven, could define the future of the sector as prediction markets move from fringe tools to mainstream financial instruments.
Market Momentum and Future Outlook
The surge in valuation targets also reflects broader market momentum. As institutional investors explore event-driven trading and as users seek alternative hedging and forecasting tools, platforms like Polymarket and Kalshi are increasingly being viewed as core financial infrastructure rather than speculative experiments.
With regulatory clarity improving and global demand rising, prediction markets may be entering their breakout moment, and Polymarket and Kalshi are racing to shape what comes next.