Illustration of traders on a financial floor celebrating Kalshi's billion-dollar funding and valuation surge.
Illustration of traders on a financial floor celebrating Kalshi's billion-dollar funding and valuation surge.
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Kalshi confirms $1 billion raise at $22 billion valuation

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Kalshi has secured $1 billion in fresh funding, doubling its valuation to $22 billion in a round led by Coatue. The U.S.-based prediction market platform reported strong growth in institutional trading amid broader interest in event contracts.

The Series F round, confirmed in a Thursday press release, includes participation from Sequoia Capital, Andreessen Horowitz, Paradigm, IVP, Morgan Stanley and ARK Invest. It validates an earlier Bloomberg report from March on the investment and valuation terms.

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Initial reactions on X emphasize Kalshi's rapid growth and the mainstream appeal of prediction markets, with users noting the doubling in valuation and strong institutional adoption. Posts highlight the shift away from niche or degen status toward Wall Street involvement and revenue-driven valuations. Some reference surging trading volumes reaching $178B annualized. No strong negative or skeptical views appeared in relevant discussions.

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Luxury watches displayed on a trading desk with screens showing Watch Futures prediction market charts for Rolex and Patek Philippe models.
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Kalshi and Bezel launch Watch Futures prediction market for luxury watches

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U.S.-regulated prediction market Kalshi has partnered with luxury watch marketplace Bezel to launch Watch Futures, enabling bets on future prices, discontinuations, and launches of high-end timepieces like Rolex and Patek Philippe models. Using Bezel's Beztimate engine for real-time valuations, the platform—priced from $1 per contract—expands into collectibles amid regulatory scrutiny and ties into events like Watches and Wonders.

Venture capitalists in the crypto sector report that despite a $2 trillion industry wipeout, startup funding continues, albeit at reduced levels. This week, crypto firms secured $18.5 million, the lowest since the New Year break. Investors maintain that blockchain fundamentals remain strong.

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Kalshi, an online prediction market, has suspended a video editor for YouTube creator MrBeast and a candidate for California governor over alleged insider trading violations. The platform flagged the trades as suspicious and reported them to regulators. Both individuals face suspensions and fines.

Prediction market platform Polymarket has partnered with blockchain analytics firm Chainalysis to monitor trading activity and detect potential insider trading. The collaboration introduces onchain tools to flag suspicious patterns amid rising regulatory scrutiny. Polymarket announced the move on Thursday.

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A wave of cryptocurrency exchange initial public offerings in 2025 highlighted the sector's maturation, but recent setbacks reveal heavy dependence on Bitcoin's price movements. Gemini's post-IPO struggles and Kraken's frozen listing underscore vulnerabilities to market cycles. Exchanges must prove revenue stability beyond Bitcoin rallies to sustain investor interest.

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