Kalshi Valuation Surpasses Traditional Sports Betting Giants at $22 Billion

2026-03-21 15:55

Predictive market platform Kalshi has reached a valuation of $22 billion, surpassing major traditional sports betting firms. According to Predictefy, Kalshi's valuation now exceeds that of FanDuel (Flutter) at $19 billion and DraftKings at $12.75 billion. Other notable valuations include bet365 at $12 billion, BetMGM at $9.4 billion, and Polymarket at $9 billion. Traditional betting companies like Caesars Palace and Betway are valued at $5.8 billion and $5.4 billion, respectively, while Entain Group and ESPNBET stand at $4.6 billion and $2.8 billion.

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