A PitchBook report estimates Kalshi’s base-case valuation at approximately $30.4 billion, with the optimistic scenario reaching as high as $42.1 billion; regulatory litigation involving sports prediction products could affect its growth expectations.
Predict.fun announced the launch of a prediction market targeting Polymarket's potential IPO first-day closing market capitalization; the product's launch itself does not mean that Polymarket has confirmed an IPO.
Polymarket is engaging with regulators in the UK and EU, seeking to classify prediction market contracts as financial derivatives and apply for European licenses.
Robinhood's CEO said crypto event contracts have captured a considerable share of its prediction market business and are expected to surpass sports-related contracts in the future; the company's Q2 event contract revenue increased more than 10 times year over year to 156 million USD.