Kalshi Raises $1B at $40B Valuation Amid Sports Contract Challenges
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Kalshi has raised $1 billion at a $40 billion valuation as its non-sports revenue run rate exceeds $1 billion, Cointelegraph reported.
Prediction market platform Kalshi secured $1 billion in funding at a $40 billion valuation, according to Cointelegraph.
The company’s annualized revenue run rate from non-sports markets has surpassed $1 billion. The measure reflects revenue at its current pace rather than a completed year’s earnings.
The fundraising coincides with expanding partnerships with the NBA and S&P Dow Jones Indices. Kalshi also continues to face legal challenges concerning its sports contracts.
Source: Cointelegraph
