Kalshi, a prediction market platform that allows betting on various events including sports and politics, has raised $1 billion in funding to expand its services and attract institutional investors, while facing legal challenges from state regulators and increasing competition in the industry. #PredictionMarkets #Investment #FinancialTechnology #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.