Kalshi Secures $1 Billion in Funding at $11 Billion Valuation

Prediction market platform Kalshi has secured a massive $1 billion funding round, achieving an impressive $11 billion valuation. This significant investment will fuel the company’s ambitious expansion plans, including increasing its user base to 100 million and boosting trading volume. Key factors driving this growth include the integration with Solana blockchain for increased DeFi ecosystem adoption and regulatory clarity from the CFTC classifying prediction contracts as commodities, paving the way for wider market adoption.