The Kalshi prediction market, a competitor regulated by the Federal Government to Polymarket, has raised more than $ 100 million at an assessment of $ 1 billion, according to a Bloomberg report.
This occurs less than a day after reports that Polymket was raising $ 200 million in the same unicorn assessment, directed by the Fund of Founders of Peter Thiel.
Publicly available data from the Kalshi API curated by Polymket Analytics (Not affiliated with Polymarket) It shows that Kalshi has about $ 113 million in volume of current active negotiation in all open markets, while Polymket has just under $ 600 million.
Kalshi now houses more active markets than Polymket, but remains behind in open interest, a key metric that reflects the liquidity and conviction of merchants in prediction markets.
A Dune board shows that Polymket has around 186,000 active merchants.
Paradigm led Kalshi’s last round. The VC focused on cryptography recently directed the round of series A for GTE, a decentralized exchange (DEX) That seeks to rival hyperlichid in speed.
In January, Donald Trump Jr. announced that he would join Kalshi as the main advisor.
