TechFlow news: On May 7, according to The New York Times, prediction market platform Kalshi announced the completion of a new $1 billion funding round led by Coatue Management, valuing the company at $22 billion.
The report notes this is Kalshi’s third funding round within the past seven months, with its valuation nearly doubling after each round. Kalshi currently offers prediction market trading services for events such as sports, politics, and weather, and states that large financial institutions are a key focus for future expansion.
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