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.
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