Kalshi, a platform for betting on various prediction markets, has raised $1 billion in funding to expand its services for institutional investors, achieving a valuation of $22 billion amid increasing interest in prediction markets, despite ongoing legal challenges and competitive pressures. #PredictionMarkets #SportsBetting #FinancialInvesting #US #VE
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Kalshi, the Prediction Market, Raises $1 Billion at a $22 Billion Valuation
The platform for betting on sports, politics, the weather and more has raised $1 billion and sees big financial firms as a key source of growth.