Polymarket is reportedly seeking new funding at a $15 billion valuation, up from $350 million two years ago. Despite this growth, the platform faces a nearly one-third discount compared to its rival, Kalshi, recently valued at $22 billion. This divergence is likely driven by Kalshi’s 90% share of the U.S. market and established revenue. Additionally, Polymarket’s deep roots in blockchain and its planned token launch make it more difficult for investors to gauge the long-term stickiness of its current trading volume.
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Source · Fortune
