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The prediction market platform Kalshi has completed a $1 billion financing round, with a valuation of $11 billion.
On December 2, big news broke in the crypto world: the prediction market platform Kalshi secured $1 billion in funding, with its valuation soaring to $11 billion.
This round of financing is quite explosive. It is important to note that the prediction market sector has been quietly developing. Kalshi's financing amount this time is like a shot in the arm for the entire industry. The $11 billion valuation also shows that capital is still optimistic about the future of on-chain prediction markets.
However, that being said, how to spend so much money next and whether it can truly create differentiated products is the key.