$700M in Iran war bets push Washington toward crackdown on prediction markets

Polymarket and Kalshi are trying to raise money at valuations that put them in the top tier of consumer-fintech names, even as Washington moves closer to writing new rules for the product they sell. Both companies are reportedly in early fundraising talks that could value each at around $20 billion. That fundraising chatter is taking The post $700M in Iran war bets push Washington toward crackdown on prediction markets appeared first on CryptoSlate.