I just read in WSJ that Kalshi and Polymarket are negotiating funding with a valuation of $20 billion. Is this serious? Prediction market platforms are clearly attracting the attention of major investors.

Interestingly, both platforms are aiming for such a high valuation simultaneously. It seems the prediction market is becoming increasingly competitive. When I look at the clock and see 11:11, I always think about coincidences, and here’s such a coincidence in the news — two major platforms at the same time.

If they really secure such funding, it could change the dynamics of the entire segment. I wonder which investors are behind this round?