The prediction market Kalshi, a federally regulated competitor to the Polymarket, has collected more than $ 100 million for a valuation of $ 1 billion, according to a Bloomberg report.
This comes less than a day after reports emerged that the polyming field raised $ 200 million for the same unicorn assessment, led by Peter Thiel’s Founder’s findings.
Publicly available data from Kalshis API curated by Polymarket Analytics (not affiliated with the polymarket) shows that Kalshi has about $ 113 million in the current active trading volume across all open markets, while the polyming field has just under $ 600 million.
Kalshi now hosts more active markets than the polymemarket, but remains behind in open interest, a key metrics that reflect the liquidity and trade oversight in the prediction markets.
A Klitdashboard shows that the polyming field has about 186,000 active dealers.
Paradigm led Kalshi’s latest round. The cryptophocused VC recently led the series a round for GTE, a decentralized exchange (Dex) It seems to compete with hyperliquid in speed.
In January, Donald Trump announced that he joined Kalshi as a senior adviser.
