<ul data-eligibleForWebStory="true"><li>Prediction market startup Kalshi Inc. raises $185 million led by Paradigm.</li><li>Polymarket closes in on $200M round with Founders Fund, battling U.S. trading regulations.</li><li>Both companies allow bets on real-world events using blockchain-based prediction markets.</li><li>Kalshi aims to scale tech team while Polymarket seeks regulatory approvals for U.S. operations.</li></ul>

Prediction market startup Kalshi raises $185M as rival Polymarket closes on $200M round

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