• Polymarket is negotiating new funding at a valuation of around 12–15 billion USD, according to Bloomberg. They also acquired the QCEX exchange licensed by the CFTC to re-enter the US market.
• Kalshi is currently valued at around 2 billion USD, but there is information that investors expect the valuation to reach 10 billion USD in the future.
• Both platforms focus on the regulated prediction market in the US; there is currently no clear evidence of international expansion or special operations in the UAE.
✅ In summary: Polymarket and Kalshi are expanding and raising significant funds.
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