Kalshi raises $1B at $11B valuation, doubling value in under two months
The latest funding comes less than two months after Kalshi announced that it raised $300 million at a $5 billion valuation.
Kalshi
Coinbase CEO Brian Armstrong trolls the prediction markets
While Armstrong may have helped some Kalshi and Polymarket users make a little money, he was also illustrating how easily these markets can be manipulated.
Kalshi hits $5B valuation days after rival Polymarket gets $2B NYSE backing at $8B
Prediction markets startup Klashi raised $300 million, while Polymarket nabbed up to $2 billion.