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Kalshi Raises $185M, Valuation Soars Post Legal Win

6/26/2025

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Summary

Story summary

Kalshi, the U.S. regulated prediction market, has secured $185 million in funding, boosting its valuation to $2 billion, thanks to crypto powerhouse Paradigm. This comes on the heels of a legal win against the CFTC, paving the way for growth in event-based derivatives. In contrast, rival Polymarket is close to raising $200 million but struggles without U.S. regulatory approval.

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Story summary

Kalshi, the U.S. regulated prediction market, has secured $185 million in funding, boosting its valuation to $2 billion, thanks to crypto powerhouse Paradigm. This comes on the heels of a legal win against the CFTC, paving the way for growth in event-based derivatives. In contrast, rival Polymarket is close to raising $200 million but struggles without U.S. regulatory approval.