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Kalshi, Polymarket Crack $1B Valuations, Ride Political Wave

Sportico.com
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Kalshi and Polymarket have turned to sports betting markets to generate the bulk of their trading volume this year .

The firms surged in popularity last fall by offering election-related contracts, when many Republicans embraced prediction markets for providing alternative data points to traditional political polls.

With Republicans controlling the House , Senate and presidency, it is unlikely the financial technology upstarts will face pushback at federal level.