The post Kalshi Gets $300m Investment at $5bn Valuation to Fund Global Expansion appeared first on Vegas Slots Online News.
Prediction markets platform Kalshi has announced that it raised $300m to help fuel its international expansion. Andreessen Horowitz and Sequoia led the latest funding round, which values the company at $5bn, more than double the $2bn its valuation from just four months ago.
share prices of sportsbook operators have been dropping due to increasing interest in prediction sites
The prediction markets space has taken the US by storm recently, and investors are taking notice. The share prices of sportsbook operators have been dropping due to increasing interest in prediction sites. Kalshi revealed on Friday that it hit a new trading volume record this week, accepting more than $1bn worth of trades. This dwarfs the total volume of $300m across 2024.
State regulators have been trying in vain to stop these platforms from operating, as they believe that they should be regulating prediction sites rather than the Commodities and Futures Trading Commission (CFTC).
The Kalshi funding news comes just days after competitor Polymarket announced that NYSE owner, Intercontinental Exchange, had invested $2bn in the company, valuing it at $8bn.
The post Kalshi Gets $300m Investment at $5bn Valuation to Fund Global Expansion appeared first on Vegas Slots Online News.
