Kalshi Secures $185 Million in Funding, Bringing Valuation to $2 Billion
Kalshi, a company specializing in prediction markets, has closed a $185 million funding round led by Paradigm, a crypto-focused venture capital firm. This new investment brings the company’s valuation to $2 billion post-money, according to representatives from Paradigm and Kalshi. The funding round was highlighted in a statement by Matt Huang, co-founder and managing partner at Paradigm. “Prediction markets remind me of crypto 15 years ago: a new asset class on a path to trillions,” Huang said.[…]