The prediction platform Kalshi has secured $185 million in Series C funding from the investment firm Paradigm, which has significantly boosted its valuation in the market.
Kalshi Funding and Its Objectives
Kalshi, a CFTC-regulated prediction market platform, received $185 million in its Series C funding round. This funding aims to expand platform capabilities and comply with regulatory standards.
Impact on the Prediction Market
The funding round strengthens Kalshi's position in the prediction market without any immediate impact on cryptocurrencies.
Regulatory Standards and Kalshi's Future
According to information provided by Coindesk, Kalshi, co-founded by CEO Tarek Mansour, has joined the unicorn club with a valuation of $2 billion. The company remains committed to regulatory compliance and enhancing its market influence.
The funding from Paradigm is a significant step in Kalshi's growth and underscores its commitment to adhering to regulatory standards in the prediction sector.
