Prediction market platform Kalshi closed a $1 billion Series G funding round at a $40 billion valuation. The round was co-led by Wellington Management and Sequoia Capital, confirming a deal first reported in September. Kalshi said its non-sports markets now generate more than $1 billion in annualized revenue, compared with an annualized run rate exceeding $1.5 billion reported in May. Its trading volume reached approximately $15.8 billion over the past 30 days, according to DefiLlama, as the company expands into financial markets. This growth comes amid mounting legal challenges in the United States over the regulatory status of its sports contracts.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
