According to Odaily Odaily, prediction market data platform Predictefy published an article on its X platform stating that the valuation of prediction market platforms has surpassed that of traditional sports betting companies. Kalshi is currently valued at $22 billion, higher than all traditional sports betting companies.
The valuation rankings of the relevant entities are as follows:
Kalshi is worth $22 billion;
FanDuel (Flutter) is valued at $19 billion;
DraftKings is valued at $12.75 billion;
bet365's value is $12 billion;
BetMGM's value is $9.4 billion;
Polymarket is valued at $9 billion (based on its latest funding round).
Caesars Palace is valued at $5.8 billion;
Betway (Super Group) is valued at $5.4 billion;
EntainGroup's valuation is $4.6 billion;
ESPNBET is worth $2.8 billion.
