U.S.-regulated prediction market platform Kalshi is receiving investment proposals from venture capital investors that would value the company at up to $12 billion, Bloomberg reported on Wednesday, citing anonymous sources.

Less than two weeks ago, the startup raised more than $300 million at a $5 billion valuation. 

"Investors have been eager to back the fast-growing startup, and have discussed funding the company at valuations ranging from $10 billion to $12 billion or higher," Bloomberg said, according to sources.

Rival platform Polymarket recently said Intercontinental Exchange would invest up to $2 billion in its platform at a $9 billion post-money valuation. This followed Polymarket CEO Shayne Coplan recently saying his platform "has been given the green light to go live in" the U.S. after having halted operations there in 2022.

Sports betting

• Wagering on sports, a multibillion-dollar industry already, could become a growth area for both Kalshi and Polymarket. In August, Robinhood said it was launching a pro and college football prediction market where users can wager on the outcome of games through a Kalshi partnership.
• On Wednesday, Polymarket said it will serve as the designated clearinghouse for DraftKings if the sports betting giant launches a predictions market following its acquisition of Railbird. 
• The National Hockey League has reportedly reached multi-year licensing agreements with both Kalshi and Polymarket, according to The Wall Street Journal.
• Kalshi's Head of Crypto, John Wang, recently told The Block the company's prediction market should be available on "every large crypto application and exchange" within the next 12 months.

#cryptocurrency #blockchain #Jucom #Kalshi

The prediction market sector exploded in 2025, with industry leaders Polymarket and Kalshi combining for a record-breaking $7.4 billion in monthly trading volume. Here's your essential guide to this rapidly evolving ecosystem:

📊 Market Leaders Performance:

Polymarket (Decentralized)

Monthly active traders: 477,850 (↑93.7% MoM) October trading volume: $3.02 billion Valuation: $9 billion (talks for $12-15B round) Funding: $205M raised + $2B from ICE (NYSE parent) Strategy: Re-entering U.S. market by November 2025 Token launch: POLY token with airdrop coming soon

Kalshi (Regulated)

October trading volume: $4.4 billion (surpassing Polymarket) CFTC-approved, fully compliant platform Integrated with Robinhood and mainstream finance apps Dominates sports prediction markets ($1.1B/week) Non-crypto, off-chain operations

🚀 Rising Stars in the Ecosystem:

Limitless (Base Chain)

$500M+ cumulative trading volume $18M total funding ($10M seed round in Oct 2025) 25x growth from August to September Focus: Ultra-short-term markets (30 min - 1 hour) Native token: LMTS

Opinion (BNB Chain)

First comprehensive prediction market on BNB Chain Mainnet launched October 2025 OPN trading points system live Whitelist invitation system currently active

Azuro Protocol (Infrastructure)

28 integrated front-end applications 28,000 monthly active users $350M+ cumulative volume Powers 80% of decentralized prediction markets

💡 Key Industry Insights:

✅ Growth Drivers:

Institutional capital flooding in (ICE, Sequoia, a16z) Token airdrop expectations driving user acquisition Political events and macro forecasting demand Professional trader adoption (arbitrage & liquidity provision)

⚠️ Current Challenges:

Regulatory uncertainty (CFTC oversight evolving) Liquidity concentrated in hot events Public perception = "gambling" stigma Long-tail markets lack depth

🎯 Strategic Differences:

Polymarket: Crypto-native, decentralized, strong in politics/macro Kalshi: Compliance-first, mainstream access, dominates sports betting

📈 Industry Outlook:

The sector stands at a critical inflection point. For prediction markets to achieve mainstream adoption:

Mainstream media must adopt as primary data source Clear regulatory frameworks needed for institutional capital Product innovation to lower user barriers Deeper Web3 integration (DeFi, SocialFi, RWA)

💰 Infrastructure Layer:

UMA Protocol serves as critical oracle infrastructure, adjudicating outcomes for ~80% of Polymarket's subjective markets through decentralized voting.

🛠️ Supporting Ecosystem Tools:

Real-time news aggregators (PolymarketIntel, PolymarketTrade) Data analytics platforms (Polysights, hash_dive, poly_data) Trading tools (PolyAlertHub, NevuaMarkets, polybroapp) Mobile clients for on-the-go trading

🔑 Bottom Line:

Prediction markets in 2025 have evolved from crypto-native experiments to serious financial infrastructure with multi-billion dollar backing. While regulatory clarity remains the biggest hurdle, the combination of institutional investment, token incentives, and product innovation positions the sector for explosive mainstream growth.

October 2025's record $7.4B combined volume across just two platforms exceeded Polymarket's entire first four years—signaling we're only at the beginning of this market's potential.

Read the full in-depth analysis with detailed platform strategies and ecosystem breakdown: 👇 https://blog.ju.com/prediction-market-2025-polymarket-kalshi-ecosystem/

#PredictionMarkets #Polymarket #Kalshi

Paradigm, once the gold standard of crypto venture capital, experienced unprecedented upheaval with seven senior executives departing since April 2025. The research-driven investment firm is now repositioning itself through strategic bets on payment infrastructure and prediction markets to reclaim industry dominance.

💰 What Went Wrong in 2025:

Paradigm's $850 million Fund III faced mounting pressure after missing high-return projects like Pump.fun and Ethena while suffering severe portfolio devaluations. Babylon dropped from $800M to $180M FDV, and Monad fell from $3B to $1.7B FDV. The executive exodus began in April with research partner samczsun and engineering head Loren Siebert, followed by general partner Charlie Noyes and market development lead Nick Martitsch in December. This turnover rate proved unprecedented among tier-one crypto venture firms, reflecting fundamental strategic disagreements about investment direction.

🔄 Strategic Pivot Underway:

The firm dramatically shifted from missing entire high-growth sectors (derivatives protocols, RWA tokenization, meme infrastructure) to aggressive early-stage deployment. Investment frequency doubled from one monthly deal in 2023-2024 to two per month in 2025, with renewed focus on identifying breakthrough opportunities before competitors establish dominance.

🚀 Tempo Blockchain - The Make-or-Break Project:

In September 2025, Paradigm and Stripe launched Tempo, a Layer-1 blockchain purpose-built for stablecoin payments processing over 100,000 transactions per second with sub-second finality. Co-founder Matt Huang serves as CEO while maintaining his Paradigm role, representing the firm's deepest operational involvement in any project. The public testnet launched December 2025 with major institutional partners including Deutsche Bank, UBS, Mastercard, OpenAI, and Anthropic. Tempo's success becomes existential for Paradigm's reputation after previous incubations like Shadow and Yield Protocol failed.

📊 Aggressive Kalshi Investment Thesis:

After missing Polymarket's early rounds, Paradigm adopted a dramatic catch-up strategy with Kalshi. Starting with a $185 million Series C at $2 billion valuation in June 2025, the firm led Kalshi's rapid ascent through $300 million at $5B in October and $1 billion at $11B in December. This tripling of investment within six months signals conviction in prediction markets as the next major crypto application category, with Kalshi's weekly trading volumes now exceeding $1 billion.

🎯 Three Critical Success Factors for 2026:

Paradigm's comeback depends entirely on Tempo achieving meaningful enterprise adoption and transaction volume in 2026, effectively deploying $850 million Fund III capital into high-growth opportunities, and securing positive exits or token launches from current portfolio companies. The firm must also capitalize on AI-crypto convergence investments like the $50 million bet on Nous Research at $1B valuation. With renewed focus on early-stage opportunities and payment-first infrastructure, Paradigm positions itself for either complete vindication or confirmation that research-driven crypto investing cannot adapt quickly enough to application-layer innovation cycles.

The next twelve months will definitively answer whether Paradigm remains an industry-defining force or becomes a cautionary tale about institutional crypto venture capital's limitations.

Read the complete analysis with detailed investment data and strategic insights: 👇 https://blog.ju.com/paradigm-crypto-vc-2026-outlook/?utm_source=blog

#Paradigm #CryptoVC #Tempo #Kalshi #PredictionMarkets

Prediction markets exploded in 2025 with trading volumes hitting $40 billion - a staggering 400% year-over-year growth. As we enter 2026, the sector is transitioning from crypto speculation to mainstream institutional infrastructure.

💰 Market Dominance:

Kalshi controls 66% market share after Robinhood integration Polymarket secured $2B investment from Intercontinental Exchange Combined platforms process $1.8B+ in monthly trading volume 99% global market share between these two giants

📈 Explosive Growth Metrics:

2024: $9 billion total volume 2025: $40 billion (400% growth) 2030 Forecast: $1 trillion annual volume Revenue projection: $10B+ by 2030

🏆 Major Developments:

Kalshi-Robinhood partnership: 27.4M funded accounts access, 200x volume increase ICE distributing Polymarket data to institutional clients globally DraftKings launched CFTC-approved prediction contracts in 38 states NHL signed partnerships with both Polymarket and Kalshi Fanatics partnered with Crypto.com for prediction trading

🎯 How It Works: Binary outcome contracts priced $0.01-$1.00 reveal probability through market pricing. A $0.65 share = 65% probability. Winners redeem at $1, losers expire worthless. Blockchain infrastructure enables instant settlement with sub-cent fees on Polygon Layer-2.

📊 Platform Comparison:

Kalshi: CFTC-regulated, accepts USDC/BTC/SOL, $1.3B+ monthly volume Polymarket: International platform, native Polygon integration, $500M+ monthly volume Polymarket achieved 94% accuracy on 2024 election predictions

💡 Industry Insights:

Sports betting projected at 44% of mature market volume Prediction markets legal in all 50 U.S. states vs sports betting's 31-state reach Traditional finance sees prediction probabilities as institutional-grade market intelligence Technical challenges: oracle reliability, capital efficiency for long-dated markets

⚠️ Key Risks:

Regulatory uncertainty as states challenge sports contracts Oracle manipulation risks on high-value markets Liquidity fragmentation across competing platforms User protection gaps in unregulated offshore markets

The sector evolved from crypto-native speculation to institutional forecasting infrastructure in just 12 months. With Robinhood CEO predicting a "prediction market supercycle," 2026 promises continued exponential growth as investing and gambling converge into unified platforms.

Read the complete analysis with technical details and institutional adoption trends: 👇 https://blog.ju.com/prediction-markets-2026-growth/?utm_source=blog

#PredictionMarkets #Polymarket #Kalshi #DeFi #Blockchain