[Kalshi's Valuation Doubles in Weeks, Prediction Market May See Duopoly Competition] The prediction market is rapidly rising in the crypto and fintech sectors. Kalshi secured over $1.3 billion in new capital this quarter, with its valuation increasing from $5 billion to $11 billion. Its main competitor, Polymarket, is in talks for a new round of funding, targeting a valuation range of $12 billion to $15 billion. Currently, market capital is primarily concentrated on the Kalshi and Polymarket platforms. Investors believe the two are poised to dominate the prediction market, becoming core platforms for trading event risk and sentiment data. Kalshi has already received approval from the U.S. Commodity Futures Trading Commission (CFTC), while Polymarket has just been granted permission by the CFTC to re-enter the U.S. market.