Prediction markets are experiencing unprecedented growth, marked by significant trading volumes and substantial funding rounds. Kalshi has secured $1 billion in funding, achieving a valuation of $11 billion. Meanwhile, Polymarket is targeting a valuation between $120 billion and $150 billion after receiving $2 billion from the New York Stock Exchange. Weekly trading volumes have soared to $3.68 billion, with sports betting contributing significantly to this surge, bolstered by Opinion Labs' prediction data mining.
In parallel, Neutrl's NUSD synthetic dollar has gained traction, offering a 16.58% annualized yield through off-chain arbitrage and delta-neutral strategies. Since its launch in October, NUSD has attracted $125 million in deposits, highlighting the growing interest in innovative financial products within the prediction market space.
Prediction Markets Boom with Record Volumes and Major Funding
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