Kalshi’s valuation is rising even faster than my position—if the IPO really happens, the prediction market pie will be completely split up.

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CoinNetwork
Coin Realm News reports that Kalshi is seeking a valuation of $40 billion, nearly doubling from the $22 billion valuation from two months ago. The company hopes to secure new capital to further expand its leading position in the crypto market and outpace its competitor Polymarket, which is seeking a valuation of $15 billion. CEO Tarek Mansour also said the company is considering an initial public offering (IPO), but it is not expected to happen before 2027.
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