Kalshi closes $185M round as rival Polymarket reportedly seeks $200M

Kalshi, Crypto-Focuse VC’s paradigm, a round of $ 185 million round, the company’s assessment, the post-port, paradigm and Kalshi’s representatives of Techcrunch.

“Predict markets remind me of Crypto 15 years ago,” Kalshi’s scale to the forecast markets and everything about everything from people and economic markets do not have a better team. ”

This Wall Street Journal The first time was reported in the round.

This news comes from Bloomberg a day after declare The largest problematic rival Polymarket in Kalshi is increasing $ 200 million for a $ 1 billion money assessment managed by the Foundation Foundation. This deal is not the end, the sources are called. The founders refused to comment on the Foundation.

Forecast markets use Blockchain Tech to place bets on the results of everything from pop cultural events to political issues.

To do the math, investors who support Kalshi, as reported in the latest agreement, pay more premiums than they support Polymarket.

There is a good reason for this. Polymarket has been banned from US regulators in the Commodity Futures Commission since 2022.

According to Polymarket’s Terms of UsePolymarket also banned or limited a number of other countries and provinces. They include the United Kingdom, France, Ontario, Singapore, Poland, Thailand, Belgium and Taiwan. Regulators are betting markets and should be licensed as gambling devices or are securities markets, and they should be adjusted.

Kalshi, on the other hand, worked in a similar battle The Commodity Futures Trade Commission has reached an agreement with CFTC. US residents can use the site freely.

Defiant, an unregulated market can complain against such things, and the restricted partner investors of enterprise funds include less risk.

Again, if the founders wrote a large check, Polymarket, for a while, becomes a headline in the end of the official ban Crypto friend Trump Office. ELON MUSK’s X probably doesn’t expect it. The two companies have previously announced a partnership agreement To make Polymarket this month X ” official “forecast market, although the details of what exactly were taken into account.