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Prediction-market platform Kalshi reaches $40 billion valuation after $1 billion funding round co-led by Wellington and Sequoia
Prediction-market platform Kalshi has reached a $40 billion valuation after raising $1 billion in a funding round co-led by Wellington and Sequoia. Additional investors include Andreessen Horowitz, Morgan Stanley Investment Management, Coatue and CapitalG. Kalshi also reported more than $1 billion in annualized revenue from non-sports contracts, highlighting demand beyond sports-related markets.
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