I just saw that Kalshi and Polymarket are in talks to raise funds and are seeking valuations of $20 billion. I mean, twenty billion dollars. That's quite significant for prediction market platforms.

According to the WSJ, both are in advanced negotiations. These are not small numbers; the valuations they are requesting are serious. Kalshi focuses on financial predictions, and Polymarket on political and pop culture events, but both aiming for the same valuation.

The interesting part is that these prediction platforms are gaining relevance. The valuations they seek reflect confidence in the model, although of course, it all depends on closing the funding rounds. Do you think these valuations are realistic or are they asking for too much? 🤔