Wall Street Firms Invest in Prediction Markets as Kalshi's Valuation Doubles
Wall Street firms and venture capital giants are increasingly investing in prediction markets, with Kalshi's valuation rising to $11 billion after a $1 billion fundraising round. The platform, regulated by the CFTC, has expanded beyond political betting into areas like macroeconomic events and crypto, attracting institutional interest and partnerships with platforms like Robinhood and Coinbase.
Topics: crypto institutional investment Kalshi prediction markets regulation Wall Street