⚡️ LATEST: Kalshi platform reaches a valuation of $2 billion after a funding round of $185 million, according to WSJ!
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💰 Funding details:
– Kalshi, the event prediction markets platform
– Closed a new funding round worth $185M
– Increased the company's overall valuation to $2 billion
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📈 Importance of Kalshi in the market:
– The first platform licensed by the CFTC for betting on economic and political events
– Allows users to hedge or bet on outcomes such as: inflation, elections, federal decisions
– Falls within the Web3 trend towards integrating predictive markets and decentralized finance
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🤝 Notable investors:
– Companies like Paradigm, Sequoia, and a16z are expected to be among the participants
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❓Do you think predictive markets will become a major investment tool in the future?
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