Wu Blockchain (@WuBlockchain): According to TechCrunch, prediction market platform Kalshi has raised $1 billion at a new valuation of $11 billion, led by Sequoia and CapitalG. The r…
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According to TechCrunch, prediction market platform Kalshi has raised $1 billion at a new valuation of $11 billion, led by Sequoia and CapitalG. The round comes less than two months after its previous $300 million raise at a $5 billion valuation. Kalshi allows users to bet on a wide range of events while operating within legal boundaries, and its annualized trading volume has surpassed $50 billion. Its main competitor, Polymarket, is reportedly also seeking a new funding round at a $12–15 billion valuation. https://t.co/KPW1lbhZX0