Kalshi Is a Profitable Prediction Market That Could Enable New Futures Finance Instruments
By Brian Wang
Kalshi, the federally regulated prediction market platform, announced a Series D funding round over $300 million. It was co-led by Sequoia Capital and Andreessen Horowitz, with investments from Paradigm, Coinbase Ventures, and others. It gave Kalshi a $5 billion valuation. The company, founded in 2020 by Yale graduates Tarek Mansour and Luana Lopes Lara…
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