Kalshi Raises $1B at $40B Valuation
Prediction market startup Kalshi secured one billion dollars in a new funding round valuing the firm at forty billion. The company plans to expand beyond event contracts into multi-asset trading. The financing follows recent regulatory approval for perpetual futures.
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Prediction-market startup Kalshi has secured $1 billion in a new funding round at a $40 billion valuation, according to a company announcement on Thursday. The New York-based firm is expanding beyond event contracts into a multi-asset trading platform. The rapid growth pushes the startup into direct competition with established financial giants.