●Kalshi has doubled its valuation in recent weeks according to reports
●The platform is competing directly with Polymarket in the prediction market sector
●The growth signals increasing interest and capital flowing into regulated prediction markets
The Block reports that prediction market platform Kalshi has doubled its valuation in a matter of weeks. This growth comes amidst a competitive landscape involving Polymarket, establishing what is described as a prediction market duopoly.
The surge in valuation reflects the intense interest in prediction markets following recent political and economic events that drove volume to these platforms.