Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
Event prediction platform Kalshi has completed a $1 billion funding round, valuing the company at $40 billion, with non-sports revenue run rate exceeding $1 billion. This funding comes as the company expands its partnerships with the NBA and S&P Dow Jones Indices, while also facing legal challenges regarding its sports contracts.
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