Kalshi see valuation double to $22B after $1B raise as prediction markets boom

Kalshi, a prediction market platform, has seen its valuation double to $22 billion following a $1 billion funding round. The surge in interest in prediction markets has contributed to this significant increase in valuation. The funding will be used to expand Kalshi's operations and enhance its market offerings. This growth reflects a broader trend in the financial sector, where prediction markets are gaining traction as a tool for forecasting events.

Read the full article: Coin Telegraph