Kalshi, a U.S.-regulated prediction market, secured $300 million in funding at a $5 billion valuation. Founded in 2018 by Tarek Mansour and Luana Lopes Lara, Kalshi allows users to trade outcomes of events like federal policy and box office results. It’s emerged as a strong competitor to Polymarket, attracting both institutional and crypto-native traders. The platform is now available in over 140 countries, with leading players like Sequoia, Andreessen Horowitz, and Coinbase Ventures participating in its recent Series D funding round. Kalshi’s compliance-first strategy has positioned it for significant growth. On the other hand, Polymarket, a similar prediction market founded in 2020 by Shayne Coplan, recently raised up to $2 billion from the New York Stock Exchange parent, the Intercontinental Exchange, Inc. This investment has turned Coplan into the world’s youngest self-made billionaire at 27. Both Kalshi and Polymarket operate in the prediction market space but differ in their payment acceptance methods, making them key players in this rapidly evolving market.

Read more at Yahoo Finance: Polymarket rival raises $300M in latest fundraise