Kalshi raises $300M at $5B valuation: NYT
Kalshi’s expansion into hybrid trading is attracting both Wall Street and crypto investors as regulated event markets gain mainstream traction.
Key Takeaways
- Kalshi raised $300 million at a $5 billion valuation, according to the New York Times.
- Kalshi operates as a regulated prediction market platform under CFTC oversight in the US.
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Kalshi, a US-regulated prediction market platform under CFTC oversight, raised $300 million at a $5 billion valuation, the New York Times reported today. The platform enables trading on events like elections and economic data while supporting crypto deposits.
Prediction markets like Kalshi are entering a phase of hypergrowth, driven by increasing interest in real-time event-based trading amid broader adoption of regulated platforms.
Kalshi is expanding its offerings to include hybrid trading features that appeal to both traditional finance and crypto-native users, enhancing its position in the prediction market space.
The platform is viewed as a key player bridging traditional finance and Web3, with community discussions highlighting its regulatory advantages over competitors in the prediction market ecosystem.
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