The prediction market is expected to achieve record growth in 2025, with Kalshi valued at $11 billion

According to The Block, the prediction market is expected to see record growth in 2025, with Kalshi and Polymarket becoming industry leaders, valued at $11 billion and $9 billion, respectively. Kalshi secured $1 billion in funding led by Sequoia Capital and CapitalG, while the parent company of the New York Stock Exchange, ICE, invested $2 billion in Polymarket. Both companies have established partnerships with mainstream brands, including CNBC, CNN, Yahoo Finance, and UFC.

Meanwhile, traditional financial platforms like Robinhood and Coinbase have also joined the prediction market space, expanding their user base. Despite rapid growth, the industry still faces challenges regarding the authenticity of trading volumes and regulatory scrutiny, particularly in controversial areas such as sports betting and "mention markets." As the 2026 U.S. midterm elections approach, these platforms will face a critical testing period.