Gate News reports that on March 21, prediction market data platform Predictefy announced on X that the valuation of prediction market platforms has surpassed that of traditional sports betting companies. Kalshi is currently valued at $22 billion, ranking first among all related platforms and exceeding all traditional sports betting companies.
The specific valuation rankings are as follows: Kalshi at $22 billion; FanDuel (Flutter) at $19 billion; DraftKings at $12.75 billion; bet365 at $12 billion; BetMGM at $9.4 billion; Polymarket at $9 billion (recent funding round valuation); Caesars Palace at $5.8 billion; betway (Super Group) at $5.4 billion; Entain Group at $4.6 billion; ESPNBET at $2.8 billion.
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