Techub News reports, citing sources from The Wall Street Journal, that two major prediction market platforms, Kalshi and Polymarket, are each in talks with investors for a new round of funding, with both companies valued at approximately $20 billion. Sources revealed that Kalshi's recent annualized revenue (i.e., estimated annual revenue) has surpassed the $1 billion mark. One insider said that current revenue is about $1.5 billion. According to PitchBook, Polymarket was valued at $9 billion in October last year.