Here is what happened today in the crypto world - TradingView
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Today in the crypto world, prediction market platform Kalshi raised 1 billion dollars at a 40 billion valuation, crypto exchange HTX agreed to halt illegal promotions in the UK following legal action by the Financial Conduct Authority, and CFTC Chairman Michael Selig described a future where AI-powered refrigerators could stake Ether and launch memecoins. Kalshi reaches 40 billion valuation following 1 billion funding round Prediction market platform Kalshi raised 1 billion dollars at a 40 billion valuation, nearly double its value in May, as it expands beyond sports contracts. Wellington Management and Sequoia Capital co-led the Series G round, Reuters reported on Thursday. Kalshi also revealed that its non-sports markets have surpassed 1 billion dollars in annualized revenue, according to The Wall Street Journal. The latest funding follows a 1 billion dollar raise in May, which valued Kalshi at 22 billion dollars. Since then, the platform has recorded approximately 15.8 billion dollars in trading volume over the past 30 days, according to DefiLlama. Kalshi is also expanding its business partnerships. Earlier this week, the NBA named Kalshi and rival Polymarket preferred prediction market exchanges, while S&P Dow Jones Indices partnered with Kalshi to introduce financial indices to event contracts. The expansion comes amid growing legal scrutiny over Kalshi's sports...
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