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Investments Oct 10, 2025
Why Kalshi’s $5B valuation puts Polymarket on notice

Prediction markets have become Wall Street’s newest battleground, with Kalshi betting on regulation and Polymarket betting on decentralization—and both racing to turn real-world events into tradeable assets.

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Daylight, photorealistic plaza scene shows matte Kalshi and Polymarket logos on opposing pedestals beside a tilted balance scale, rising green bars, and a valuation gauge to suggest Kalshi’s $5B milestone turning up competitive pressure.

Andjela Radmilac Andjela Radmilac has published within the past 30 days.

Senior Analyst CryptoSlate
Armed with a classical education and an eye for news, Andjela dove head deep into the crypto industry in 2018 after spending years covering politics.

Author Stats

Total Articles 1,080
Total Reports 85
Since Aug 2021
Last Active May 2, 2026
Primary Beat Bitcoin