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Breaking development in the prediction market space: Kalshi just closed a massive $1 billion funding round, pushing its valuation to $11 billion.
This marks one of the largest raises in the decentralized prediction sector this cycle. The platform's been gaining serious traction lately—regulatory wins in the U.S. probably helped seal the deal for institutional backers.
Prediction markets are heating up as an alternative data source, and this kind of capital injection signals where smart money thinks the industry's headed. Worth watching how Kalshi deploys this war chest—expansion? Product development? Competitor acquisition?
The valuation jump is no joke either. Shows VCs are betting big on the future of on-chain and regulated prediction infrastructure.