{"id":33726,"date":"2025-06-25T19:15:42","date_gmt":"2025-06-25T19:15:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33726"},"modified":"2025-06-25T19:15:42","modified_gmt":"2025-06-25T19:15:42","slug":"kalshi-joins-polymarket-in-unicorn-club-with-latest-fundraise-report","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33726","title":{"rendered":"Kalshi Joins Polymarket in Unicorn Club With Latest Fundraise: Report"},"content":{"rendered":"<div>\n<p>Prediction market Kalshi, a federally regulated competitor to Polymarket, has raised more than $100 million at a valuation of $1 billion, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-24\/polymarket-is-set-to-raise-funding-at-1-billion-valuation\">according to a report from Bloomberg<\/a>.<\/p>\n<p>This comes less than a day after <a href=\"https:\/\/www.coindesk.com\/business\/2025\/06\/24\/polymarket-on-the-verge-of-raising-usd200m-at-usd1b-valuation-report\">reports emerged<\/a> that Polymarket was raising $200 million at the same unicorn valuation, led by Peter Thiel&#8217;s Founders Fund.<\/p>\n<p><a href=\"https:\/\/polymarketanalytics.com\/markets\">Publicly available data from Kalshi&#8217;s API<\/a> curated by Polymarket Analytics (not affiliated with Polymarket) shows that Kalshi has around $113 million in current active trading volume across all open markets, while Polymarket has just under $600 million.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/f64358857e4449e1af1643f67b73768aecb57ad6-1913x447.png?auto=format\" alt=\"(Polymarket Analytics)\" title=\"(Polymarket Analytics)\"><\/p>\n<p>Kalshi now hosts more active markets than Polymarket, but remains behind in open interest, a key metric that reflects liquidity and trader conviction in prediction markets.<\/p>\n<p><a href=\"https:\/\/dune.com\/rchen8\/polymarket\">A Dune dashboard<\/a> shows that Polymarket has around 186,000 active traders.<\/p>\n<p>Paradigm led Kalshi&#8217;s latest round. The crypto-focused VC <a href=\"https:\/\/www.coindesk.com\/business\/2025\/06\/23\/hyperliquid-rival-gte-raises-usd15m-in-series-a-led-by-paradigm\">recently led the Series A round for GTE<\/a>, a decentralized exchange (DEX) that looks to rival HyperLiquid in speed.<\/p>\n<p>In January, Donald Trump Jr. <a href=\"https:\/\/www.forbes.com\/sites\/mollybohannon\/2025\/01\/13\/donald-trump-jr-joins-prediction-market-kalshi\/\">announced he was joining Kalshi<\/a> as a senior advisor. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prediction market Kalshi, a federally regulated competitor to Polymarket, has raised more than $100 million at a valuation of $1 billion, according to a report from Bloomberg. This comes less than a day after reports emerged that Polymarket was raising $200 million at the same unicorn valuation, led by Peter Thiel&#8217;s Founders Fund. Publicly available [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33726","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33726"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33726\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}