A prediction market platform where consumers and institutional traders place bets on various outcomes from sports to entertainment events.
$1BSeries F
A $1B Series F for a prediction market platform signals regulatory tailwinds finally materialized—Kalshi likely got explicit CFTC clarity or exemptive relief that de-risked the business model enough for mega-funds to commit. They're probably using this to scale market-making infrastructure, expand event coverage (especially political/macro), and build institutional distribution. If you're building any outcome-dependent product (insurance, derivatives, betting), watch how Kalshi structures their compliance moat—that's now worth more than their trading volume.