Kalshi, Polymarket Discuss Fundraising at $20B Valuations: Report
US President Donald Trump’s newly launched National Cyber Strategy outlines federal help for strengthening the safety of cryptocurrencies and blockchain techniques, together with protections towards future threats posed by quantum computing.
Key Takeaways:
- Kalshi and Polymarket are exploring fundraising rounds that would worth every platform at round $20 billion.
- The potential valuations would mark a pointy improve from their newest funding rounds of $11 billion for Kalshi and $9 billion for Polymarket.
- Rapid progress in prediction markets is attracting investor curiosity at the same time as regulatory scrutiny rises.
The technique, published Friday by the White House, states that the administration intends to make sure the United States stays “unmatched in our on-line world.”
The doc highlights the position of safe digital infrastructure and emphasizes that Americans ought to take steps to safeguard their on-line actions whereas the federal government works to strengthen broader cybersecurity protections.
Trump Cyber Strategy Highlights Crypto and Blockchain Security
Within that framework, the technique features a particular deal with rising applied sciences tied to the digital asset sector.
According to the doc, the administration plans to “construct safe applied sciences and provide chains that defend person privateness from design to deployment,” whereas additionally supporting the safety of cryptocurrencies and blockchain networks.
The technique additionally requires selling post-quantum cryptography, encryption techniques designed to face up to assaults from future quantum computer systems, alongside the event of safe quantum computing applied sciences.
The point out of crypto safety comes as debate intensifies inside the digital asset trade over whether or not main blockchain networks are ready for a future the place quantum machines may break present encryption strategies.
Quantum computer systems stay largely experimental, however researchers have warned that sufficiently highly effective variations may someday crack cryptographic techniques utilized by Bitcoin and different blockchains.
Such a improvement would require networks emigrate to new encryption requirements able to resisting quantum assaults.
President Trump is combating cybercrime & fraud by unleashing each software to cease foreign-backed networks exploiting Americans by cyber-enabled fraud & extortion.
pic.twitter.com/B2MuZEmTeP
— The White House (@WhiteHouse) March 6, 2026
Some figures within the crypto sector argue the chance stays distant. Michael Saylor, co-founder of Bitcoin-focused agency Strategy, has mentioned issues about quantum threats are exaggerated, although he acknowledges that builders ought to stay ready for technological shifts.
Other initiatives have begun exploring upgrades extra actively. Ethereum co-founder Vitalik Buterin proposed a “quantum roadmap” earlier this yr aimed at getting ready the blockchain for a future the place quantum computing may undermine present cryptographic protections.
Trump’s cybersecurity plan arrives alongside different coverage actions that contact the digital asset sector.
On the identical day the technique was launched, the president signed an government order concentrating on cybercrime, a part of a broader effort to strengthen the nation’s digital defenses.
Trump Expands Pro-Crypto Agenda With Bitcoin Reserve and CBDC Ban
Since returning to workplace, Trump has taken a number of steps aimed at reshaping US crypto coverage. Last yr, he approved the creation of a strategic Bitcoin reserve held by the federal authorities.
The reserve at the moment incorporates Bitcoin seized in felony circumstances, and the administration has not indicated plans to amass extra belongings.
Earlier government actions additionally included a sweeping assessment of digital asset coverage and a prohibition on the development of US central bank digital currencies, reflecting the administration’s stance towards government-issued digital cash.
Meanwhile, Trump has intensified stress on Jerome Powell, together with threats of a felony investigation, however the Federal Reserve has again held interest rates steady, citing strong progress and still-elevated inflation.
Powell declined to touch upon the investigation and defended the Fed’s independence, warning that politicizing financial coverage would undermine the establishment’s credibility.
As reported, Bitcoin has shed roughly 25,000 millionaire addresses within the yr since Donald Trump returned to the White House, at the same time as US coverage shifted towards a extra crypto-friendly stance.
Blockchain information exhibits the variety of addresses holding at least $1 million in BTC fell about 16% yr over yr, suggesting regulatory optimism has not translated into sustained on-chain wealth progress.
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