Svmuu News According to a post on X by prediction market data platform Predictefy, the valuation of prediction market platforms has now surpassed that of traditional sports betting companies. Kalshi currently holds a valuation of $22 billion, exceeding all traditional sports betting firms.
The relevant entity valuations are ranked as follows:
Kalshi: $22 billion;
FanDuel (Flutter): $19 billion;
DraftKings: $12.75 billion;
bet365: $12 billion;
BetMGM: $9.4 billion;
Polymarket: $9 billion (valuation from its latest funding round);
Caesars Palace: $5.8 billion;
betway (Super Group): $5.4 billion;
Entain Group: $4.6 billion;
ESPN BET: $2.8 billion.