Kalshi Hits $40 Billion Valuation After Another $1 Billion Raise
Prediction-market operator Kalshi has secured another $1 billion in funding, lifting its valuation to $40 billion, nearly 82% above its $22 billion valuation in May. The Sequoia Capital and Wellington Management-led investment marks the company’s second billion-dollar capital raise in roughly five months. Now, Kalshi is preparing to challenge established derivatives exchanges while a bitter […]
Key Takeaways
- Prediction-market operator Kalshi has secured another $1 billion in funding, lifting its valuation to $40 billion, nearly 82% above its $22 billion valuation in May.
- The Sequoia Capital and Wellington Management-led investment marks the company’s second billion-dollar capital raise in roughly five months.
- Now, Kalshi is preparing to challenge established derivatives exchanges while a bitter […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Bitcoin developers rush to fix 3 security flaws after AI uncovers them
The October 28 advisory identifies four patched releases, but 29.x is now at end of life. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
French Senate adopts bill for automatic sharing of crypto tax data
The French Senate adopted a bill authorizing the automatic exchange of crypto-asset tax information between international tax authorities, pending completion of the legislative process.
Polymarket brings ultra-short crypto prediction markets to U.S. platform
Polymarket’s new Up/Down crypto contracts come as the CFTC renews scrutiny of the prediction market’s compliance with its 2022 U.S. onboarding terms.