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Prediction market platform Kalshi just closed a funding round that values the company at $11 billion. The valuation marks a significant milestone for the decentralized betting infrastructure space.
Meanwhile, sources indicate Kalshi is in advanced talks to form a strategic partnership with CNN. The collaboration would potentially integrate prediction markets into mainstream media coverage, bridging traditional news consumption with on-chain forecasting mechanisms.
This dual development signals growing institutional appetite for blockchain-based prediction protocols. As regulatory clarity improves, expect more legacy media exploring Web3 prediction tools for audience engagement.