Kalshi is reportedly seeking new funding at a $65bn valuation ahead of its discussed IPO. Its late-October financing valued the prediction-market company at $40bn, while the company said that round would support new products including indices and compute markets.
The day’s most important stories, free. One email a day.
Polymarket is raising $1bn at a reported $21bn valuation. The report identified 1789 Capital as the round’s lead investor.
1789 Capital is preparing to invest a further $300m in Polymarket as part of a funding round targeting about $1bn, according to reports. The proposed investment would value the prediction-market platform at about $21bn; 1789 Capital had previously invested about $200m.
Polymarket is reported to be targeting a $20bn valuation in a fundraising. The report links the target to growth in its regulated US business while European authorities tighten rules on prediction markets.
Polymarket is reportedly in early discussions to raise capital at a valuation of $12 billion to $15 billion, according to people familiar with the talks. The discussions follow a reported $2 billion commitment from Intercontinental Exchange that valued Polymarket at about $8 billion earlier this month; no terms for the prospective fundraise were stated.
Social casino operator MyPrize said it closed a $21m strategic funding round at a $250m valuation cap. Dragonfly, Boxcars Ventures and family offices participated, the company said, bringing its total funding to $38m. MyPrize said it would use the investment to expand its platform and bring more creators onto the service.