Kalshi Raises $1B Reports TechCrunch

Kalshi, a regulated prediction market platform, has raised $1 billion in a funding round that values the company at $11 billion, as reported by TechCrunch. This funding round was led by returning investors such as Sequoia Capital and CapitalG, with contributions from notable firms like Andreessen Horowitz and Paradigm. The new valuation positions Kalshi closer to its competitor Polymarket, which has a valuation target between $12 billion and $15 billion. Unlike Polymarket, which operates as a decentralized platform using cryptocurrency, Kalshi functions under the oversight of the Commodity Futures Trading Commission (CFTC), providing a compliant venue for trading event contracts on various topics, including politics and economic trends. This funding milestone highlights the increasing interest from investors in the prediction market sector, indicative of a growing appetite for platforms that offer legal clarity and fiat access.

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