Kalshi has 1 close competitor: Polymarket.
Sector, valuation and status for each competitor.
A private valuation and a public market cap share one column; each row names its basis and date.
Kalshi
PolymarketOperates a CFTC-regulated prediction-market platform where users trade event contracts on economic, political, sports and other outcomes; Canborsa would offer exposure to a price on the company.
Kalshi competes with 1 company here: Polymarket.
Kalshi was last valued at $22B (post-money, May 2026). That price was agreed in one transaction and holds until the next round. A listed competitor is repriced every trading session.
The last valuation is $22B (post-money, May 2026).
Lead investors for each round are in the funding timeline.
The closest prediction markets / event contracts peers are on the competitors page.
The routes section explains what is realistically available for a company at this stage.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
