TLDR Tech / Fintech
Kalshi raises $1B at $22B valuation as prediction markets surge
Kalshi raised over $1 billion at a $22 billion valuation, doubling its value in just a few months as prediction markets see explosive growth. The company is generating roughly $1.5 billion in annualized revenue, driven largely by sports and event-based trading, with volumes scaling rapidly. Despite strong investor demand, Kalshi faces mounting regulatory scrutiny from states and concerns around insider trading and market integrity.
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