Intercontinental Exchange has invested $200 million in prediction markets, while Kalshi has secured $300 million in funding, significantly boosting the sector's profile. Early pioneers like Augur and Gnosis, which saw total value locked (TVL) peaks of $85 million and $13 million respectively in 2020, encountered initial technical hurdles. Polymarket, utilizing Gnosis' technology, facilitates ERC-1155 token trading on Polygon with low fees. Kalshi has obtained regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC), and Polymarket has acquired regulated exchange QCEX for $112 million to expand into the U.S. market.
Polymarket and Kalshi Drive Prediction Market Expansion with Major Investments
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