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Kalshi this week: Valuation joins the $10 billion club, will provide data to multiple mainstream news outlets
On December 5, prediction market platforms have seen rapid development recently, with both Kalshi and Polymarket reaching record monthly trading volumes in November. YZi Labs also announced its investment in the prediction markets Opinion and predict.fun. This week, Kalshi announced the completion of a $1 billion funding round at an $11 billion valuation, making Kalshi co-founder Lopes Lara the world’s youngest self-made female billionaire. Following this, the platform officially announced several new business partnerships: · Kalshi partnered with Solana to migrate its prediction market on-chain; · Kalshi became the official prediction market partner of comprehensive news media CNN, with its data to be displayed in real time during news broadcasts; · Leading financial media CNBC announced it would fully integrate Kalshi’s prediction market data into its TV, digital, and subscription platforms.