The prediction market sector is heating up. Polymarket has launched a new round of financing, with market expectations valuing it at around $12 billion. The project is actively planning an IPO route, although the token issuance plan has not yet been finalized. Meanwhile, Kalshi's valuation has reached $11 billion, achieving a fivefold increase in six months and becoming a dark horse in the sector. More notably, Kalshi has integrated prediction market functions with several leading exchanges, including Robinhood and Coinbase, among mainstream platforms. This marks the prediction market's transition from niche applications to mainstream financial tools. In terms of financing scale, valuation growth rate, and ecosystem protocols, the prediction market has officially entered a fierce competition stage, with all parties accelerating their deployment.