Kalshi surpasses traditional sports betting giants with a valuation of $22 billion

SmartContractAuditor · 2026-03-21T07:50:08+00:00

The prediction market platform Predictefy indicates that the valuation of prediction markets has surpassed traditional sports betting companies, with Kalshi's valuation reaching $22 billion, leading other major companies such as FanDuel and DraftKings.

SmartContractAuditor

2026-03-21 07:50:08

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Odaily Planet Daily reports that the prediction market data platform Predictefy announced on X that the valuation of prediction market platforms has surpassed that of traditional sports betting companies. Currently, Kalshi is valued at $22 billion, exceeding all traditional sports betting companies.

The valuation rankings of related entities are as follows:

Kalshi: $22 billion;

FanDuel (Flutter): $19 billion;

DraftKings: $12.75 billion;

bet365: $12 billion;

BetMGM: $9.4 billion;

Polymarket: $9 billion (recent funding round valuation);

Caesars Palace: $5.8 billion;

betway (Super Group): $5.4 billion;

Entain Group: $4.6 billion;

ESPNBET: $2.8 billion.

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