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Kalshi, a prediction market that allows people to bet on future events, has raised a massive $1 billion round at a $11 billion valuation, according to a person familiar with the deal. The round comes less than two months after the seven-year-old startup announced its previous fundraise of $300 million at a $5 billion valuation….
On Thursday, at the end of Coinbase’s third quarter earnings call, CEO Brian Armstrong admitted that he was “a little bit distracted,” because he’d been “tracking the prediction market about what Coinbase will say on their next earnings call.” “And I just want to add here the words Bitcoin, Ethereum, Blockchain, Staking, and Web3 to…
Kalshi, a prediction market that allows people to bet on future events, announced that it raised over $300 million at a $5 billion valuation. The company’s value has increased 2.5x since its last fundraise just three months ago, when it was valued at $2 billion. The fresh capital came from Kalshi’s existing investor, Sequoia Capital, with…
Kalshi just raised a $185 million round, led by crypto-focused VC firm Paradigm, bringing the company’s valuation to $2 billion post-money, representatives from Paradigm and Kalshi confirmed to TechCrunch. “Prediction markets remind me of crypto 15 years ago: a new asset class on a path to trillions,” Matt Huang, co-founder and managing partner at Paradigm,…