New Battlefield of Gambling: Can Prediction Markets Stir Up the Deep Waters of American Sports Business? Author: PANews, Zen. As Kalshi and Polymarket further extend their business focus to the sports sector, prediction markets have reached a turning point this year with both "volume and price rising": media reports that Polymarket is negotiating a new round of financing, with a target valuation of $12-15 billion; Kalshi completed new financing in the middle of the year, with a company valuation of about $2 billion. Meanwhile, the monthly transactions and daily active users of leading platforms have significantly increased—according to The Wall Street Journal, the combined transactions of the two platforms in October surged by over 90% month-on-month; and most of Kalshi's trading volume growth comes from sports contracts, with sports predictions becoming the main engine of its growth. Driven by both industry and capital, Kalshi and Polymarket are now seeking official partnerships and endorsements from major sports leagues. #参与创作者认证计划月领$10,000 bsv