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International Business Times UK
International Business Times UK
Frederick Marvin Lumba

Polymarket Rival Kalshi Announced Hitting $11 Billion in Valuation as Prediction Markets Rise to Popularity

Kalshi Polymarket Tarek Mansour CNN Luana Lopes Lara Paradigm
Tarek Mansour (center) with his business partners (Credit: Tarek Mansour on X)

The swift rise in the popularity of prediction markets has propelled Kalshi, one of the sector's dominant platforms, to remarkable new heights.

After securing funding this autumn at a valuation of US$5 billion, the company has now raised yet another investment round and more than doubled its worth in less than two months.

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