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Kalshi this week: Valuation joins the $10 billion club, will provide data to multiple mainstream news outlets
BlockBeats news, December 5 — The prediction market platform sector has seen rapid growth recently, with both Kalshi and Polymarket reaching all-time monthly trading volume highs in November. YZi Labs also announced investments in prediction markets Opinion and predict.fun. This week, Kalshi announced a $1 billion funding round at an $11 billion valuation, making co-founder Lopes Lara the world’s youngest self-made female billionaire. The platform subsequently announced several new business partnerships: · Kalshi is partnering with Solana to migrate its prediction markets on-chain; · Kalshi has become the official prediction market partner of comprehensive news media outlet CNN, with its data to be displayed in real time on news programs; · Leading financial media CNBC announced it will fully integrate Kalshi’s prediction market data across its TV, digital, and subscription platforms.