Conversation: Kalshi hits $5B valuation days after rival Polymarket gets $2B NYSE backing at $8B Crunch
A: Yo, Takeshi! What's up?
B: Hey Hiroshi, not much. What's new with you?
A: You know Kalshi, right? The prediction market thingy?
B: Yeah, I think so. What about it?
A: Well, they just raised over $300 million at a whopping $5 billion valuation! Can you believe it?
B: Whoa, that's huge! Their value went up 2.5 times in just three months!
A: Exactly! And now, people from 140 countries can use their platform to make bets.
B: That's incredible growth. I heard they're aiming for $50 billion in annual trading volume this year.
A: That's not all! Their rival Polymarket also made a big announcement recently. They secured an investment of up to $2 billion from Intercontinental Exchange, the owners of the New York Stock Exchange.
B: Wow, that's massive! And just two months ago, their valuation was only $1 billion.
A: Yeah, and Polymarket has been in some trouble with the U.S. authorities, but they recently acquired a derivatives exchange and a clearing house to reenter the U.S. market.
B: I see. That's good news for them. And Kalshi won the right for Americans to use their platform after suing the CFTC last year.
A: Indeed, it seems like both companies are doing really well, especially considering their focus on prediction markets.
B: Definitely! It'll be interesting to see how they grow and evolve in the future.
B: Hey Hiroshi, not much. What's new with you?
A: You know Kalshi, right? The prediction market thingy?
B: Yeah, I think so. What about it?
A: Well, they just raised over $300 million at a whopping $5 billion valuation! Can you believe it?
B: Whoa, that's huge! Their value went up 2.5 times in just three months!
A: Exactly! And now, people from 140 countries can use their platform to make bets.
B: That's incredible growth. I heard they're aiming for $50 billion in annual trading volume this year.
A: That's not all! Their rival Polymarket also made a big announcement recently. They secured an investment of up to $2 billion from Intercontinental Exchange, the owners of the New York Stock Exchange.
B: Wow, that's massive! And just two months ago, their valuation was only $1 billion.
A: Yeah, and Polymarket has been in some trouble with the U.S. authorities, but they recently acquired a derivatives exchange and a clearing house to reenter the U.S. market.
B: I see. That's good news for them. And Kalshi won the right for Americans to use their platform after suing the CFTC last year.
A: Indeed, it seems like both companies are doing really well, especially considering their focus on prediction markets.
B: Definitely! It'll be interesting to see how they grow and evolve in the future.
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Summary
Prediction market platforms Kalshi and Polymarket are experiencing rapid growth. Kalshi recently raised $300 million at a $5 billion valuation, with users from 140 countries now able to make bets on their platform. They aim for $50 billion in annual trading volume this year. Meanwhile, Polymarket
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| Date | Name | Words | Time | WPM |
|---|---|---|---|---|
| 2025/10/11 14:55 | Anonymous | 230 | 99s | 139 |
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ID: c2b3109c-de9a-42cd-868e-d0bc48547f4c
Category ID: conversation_summary
Date: Oct. 11, 2025
Notes: 2025-10-11
Created: 2025/10/11 12:20
Updated: 2025/12/08 00:42
Last Read: 2025/10/11 14:55