The prediction market sector is experiencing explosive growth, with platforms like Kalshi and Polymarket at the forefront of this trend. According to Odaily reports, Kalshi has raised over $1.3 billion in funding this quarter, experiencing a dramatic valuation increase from $5 billion to $11 billion in just weeks. Its competitor, Polymarket, is currently in talks for new funding that could result in a valuation between $12 billion and $15 billion. The market dominance of these platforms has investors anticipating a duopoly within the prediction market space. Both Kalshi and Polymarket are poised to become key players in trading events’ risk and sentiment data, leveraging a clearer regulatory environment within the United States.