Bitcoin Magazine Bitcoin-Friendly Prediction Market Kalshi Raises $300 Million at $5 Billion Valuation, Expands Globally

Prediction markets are not a niche crypto subculture anymore. They are mainstream finance.

Kalshi, one of the world’s largest prediction markets that accepts bitcoin deposits, announced it has raised $300 million in new funding at a $5 billion valuation and will soon open access to users in more than 140 countries, according to The New York Times.

The round, led by Sequoia Capital and Andreessen Horowitz with participation from CapitalG, Coinbase Ventures, Paradigm, and others, more than doubled Kalshi’s valuation from its previous raise in June.

The company’s annualized trading volume has surged from $300 million last year to an expected $50 billion.

Kalshi’s ascen

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