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Kalshi, a prediction market and a competitor of a polymarket, allegedly closed a $ 185 million funding bike, evaluating companies to $ 2 billion, indicating the growing taste of investors for the developing sector.
The bike was led by a paradigm of a crypto investment company with the participation of Sequoia Capital, Multicoin Capital and other investors, The Wall Street Journal reported Wednesday.
CEO and co -founder Tarek Mansour said that financing will be used to expand the Kalshi technology team and integrate its prediction contracts into multiple brokerage platforms. Currently, Kalshi contracts are available on Webull and Robinhood markets.
Prediction markets have gained traction as an alternative for traditional survey, claiming that they offer more accurate forecasts by aggregation of collective expectations of participants.
Kalshi was founded in 2018 Mansour and Luana Lopes Lara, previously received a total of $ 156 million in capital, according to to Pitchbook.
https://www.youtube.com/watch?v=ndnryf5nlkw
The latest Kalshi financing comes in the middle of the news that its main competitor, polymarket, is It is expected to close $ 200 million A bike for a valuation of $ 1 billion. The key difference between them is that Kalshi is federally regulated and authorized to operate in the United States, while the polymarket is not.
Related: Kalshi receives Bitcoins deposits in a offer on crypto-ricked users
Kalshi cleans the control obstacle in the CFTC dispute
The last round of Kalshi financing monitors the key regulatory development affecting its businesses.
In September 2024, the US commission for trading in commodity futures (CFTC) appealed, which challenged the court decision that Kalshi allowed to continue the offer of political contracts.
The legal dispute focused on whether these contracts violated the restrictions of gambling under the Federal Act on the commodities. In May 2025 CFTC moved to release Its attraction, removal of regulatory questions and potentially opens the door to regulate markets with political prediction in the US.
The Kalshi and the polymarket have increased activities during the US presidential elections in November 2024 and offer a stress test that has helped confirm the appeal on prediction markets.
On the Kalshi website, users can do predictions on topics from cryptocurrency and economics to weather and ongoing action. According to Bloomberg Intelligence, 79% of Kalshi’s business volume in March and early April came from the sports category. Kalshi He also fought with state regulatory bodies Despite their contracts on the prediction of sport.
Magazine: Train AI agents to make better predictions … for rewards to token
