Back to news
Adoption
Prediction Market Kalshi Raises $1 Billion at $40 Billion Valuation
(1 hour ago) · 1 source · Summarized by CryptoBipto
Kalshi, a regulated prediction market platform, has closed a $1 billion funding round at a $40 billion valuation. The company reports that its non-sports revenue run rate has surpassed $1 billion, signaling significant growth in its event-based trading business.
WHY IT MATTERS
A prediction market is a platform where people can place trades based on whether they think a specific event will happen — for example, whether inflation will rise or whether a certain candidate will win an election.
Read the full analysis with a CryptoBipto membership
Members read why every story matters and the full analysis behind it.
SOURCES
- cointelegraph.com
RELATED
Prediction MarketsFintech FundingCFTC RegulationEvent Contracts