Polymarket in talks for fundraising round at more than $20 billion valuation

The reports come after the company told CNBC in June that its annualized revenue was well above $1 billion.

The top 3

Leading Platforms by Trading Volume and Users: Kalshi and Polymarket are the dominant prediction market platforms, with a combined trading volume reaching a record $50.6 billion in July; Kalshi led with $37.7 billion, while Polymarket (including its US platform) generated $12.9 billion.
Platforms Specializing in Unique Market Categories: Polymarket is recognized as a leading crypto prediction market, offering a broad range of topics from politics and sports to pop culture, while Kalshi specializes in regulated event contracts within the U.S., including economic indicators and weather patterns.
Key Innovations Pioneered by Prediction Markets: Gnosis, founded in 2015, was instrumental in developing decentralized prediction markets on Ethereum and the Conditional Tokens Framework, while its spin-off, Safe (formerly Gnosis Safe), secures over $100 billion in assets as a leading smart contract wallet.