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Prediction Market Platforms Raise Valuations to $220B and $150B Amid U.S. Regulatory Dispute

GateNews

Prediction Market

2026-05-22 15:38:39

KALSHI-9.38%

POLYMARKET-1.8%

According to CNBC, on May 22, prediction market platforms including Kalshi and Polymarket are continuing to expand amid regulatory uncertainty over federal versus state oversight. Kalshi's valuation reached $220 billion following its latest funding round, more than double its December valuation of $110 billion, while Polymarket's valuation rose to $150 billion. The platforms are also operating as 17 states challenge their legality, with disagreements over whether event contracts fall under federal derivatives regulation (CFTC) or state gambling jurisdiction.

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