According to a Bloomberg report, Polymarket's federally regulated competitor, Kalshi has raised more than $100 million at a $1 billion valuation.
This is within a day that it was revealed that Polymarket is raising $200 million from the same unicorn valuation led by Peter Thiel's Founders Fund.
Publicly published data from Kalshi's API, curated by Polymarket Analytics (not affiliated with Polymarket), shows that Kalshi currently has an active trading volume of around $1133 million in all open markets, with just under $600 million in Polymarket.
Kalshi currently hosts more active markets than Polymarket, but continues to be open interest, a key indicator that reflects liquidity in forecast markets and trader convictions.
Dune Dashboard shows that Polymarket has around 186,000 active traders.
Paradigm led the latest round of Calci. Crypto-centric VCs recently led the Series A round. GTE is a dispersed exchange (DEX) that is comparable to high lipids at speed.
In January, Donald Trump Jr. announced that he was joining Karshi as a senior advisor.
