According to ChainCatcher, prediction market platform Kalshi announced the completion of a $1 billion funding round led by Coatue Management, valuing the company at $22 billion. The platform allows users to trade on outcomes of events spanning sports, politics, and weather.
Kalshi reported approximately 2 million monthly active users and annualized trading volume of $178 billion, with growth exceeding 3x over the past six months. The company’s annualized revenue surpassed $1.5 billion, reflecting significant traction in the prediction market sector.
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