Kalshi and Polymarket Soar Even as Prediction Markets Navigate Murky Legal Waters
Silicon Valley is piling into the promise of prediction markets. The valuations of Kalshi and Polymarket have surged in recent months as investors bet they can expand and reshape sports betting opportunities across the U.S. Kalshi is now valued at a staggering $11 billion after raising $1 billion in a round led by Sequoia and…

