Paradigm has invested in another prediction market—this time in Noise, a $7.1M seed round announced just on January 14.

This prompted me to review the recent three months of funding activity in this sector. The conclusion is: money is pouring in like crazy.

The top two deals:
Polymarket raised $2B, invested by ICE (the parent company of the NYSE); Kalshi, with a valuation of $9B
, led by Paradigm, with follow-on investments from Sequoia, a16z, ARK, and Google CapitalG, valuation $11B
.
In three months, these two companies together raised $3 billion.

The underlying logic is easy to understand:
1. Progress in regulation—Kalshi is the only platform fully approved by the CFTC in the US; Polymarket also received re-approval at the end of 2025 and is beginning to open to the US market.
2. Traditional finance entering—ICE invested in Polymarket; CME and FanDuel are collaborating to push prediction contracts.
3. Trading volume is increasing—Kalshi’s daily trading volume is $466M, accounting for 66% of the entire industry.

Notable signals:
Wall Street is starting to hire prediction market traders, with DRW and Susquehanna offering $200K annual salaries.
Both Polymarket and Kalshi are burning cash to subsidize liquidity; each estimates that $10M
Dragonfly predicts 90% of prediction markets will fail—concentration at the top is highly likely.

Looking at the landscape:
US regulation: Kalshi (full CFTC approval), Polymarket (recent approval).
Crypto-native: Polymarket, Opinion, Predictfun.
BNB Chain ecosystem: Predictfun, Opinion, Myriad.
Traditional giants extending into this space: FanDuel, DraftKings, Fanatics.

This sector is shifting from a "niche toy" to "serious financial infrastructure." Both funding and regulation are pushing in this direction.

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P.S.: I’ve recently been using Opinion to monitor macro indicator markets on BNB Chain—low fees and fast confirmations.
If you want to try it too: