Polymarket valuation

Are Prediction Markets Just Gambling? Kalshi’s 9th Circuit Loss vs. Polymarket’s $21 Billion Boom

Post author By Leo Falsafi
Post date 2026/09/02

Are Prediction Markets Just Gambling? Kalshi’s 9th Circuit Loss vs. Polymarket’s $21 Billion Boom

Polymarket hits a $21B valuation backed by 1789 Capital, while Kalshi suffers a 9th Circuit gambling defeat and issues a lifetime ban to George Santos.

Tags 9th Circuit prediction markets, George Santos Kalshi ban, Is Kalshi considered gambling, Kalshi gambling lawsuit, Kalshi legal battle, Polymarket 1789 Capital funding, Polymarket valuation, prediction markets news