Meme Insider
Kalshi's $1B Raise at $11B Valuation: Paradigm and Sequoia Bet Big on Sports Markets – But Legal Battles Loom
Prediction market platform Kalshi secures $1 billion in funding at a whopping $11 billion valuation, backed by Paradigm and Sequoia. With 90% of its $20B volume tied to sports bets, cease-and-desist orders from Connecticut and Nevada raise red flags. Will it survive as 'derivatives' or crumble under gambling regulations?
