Kalshi Secures $1B To Expand Predictions Market Platform

Kalshi has successfully raised $1 billion in funding, achieving an impressive valuation of $11 billion, just two months after a previous $300 million round valued the company at $5 billion. This funding round was led by prominent investors Sequoia and CapitalG, reflecting strong market confidence in Kalshi's growth potential.

CNN has entered a partnership with Kalshi, the leading global prediction market company, to incorporate real-time prediction data into its reporting across TV, digital, and social channels. This collaboration aims to enhance on-air data tickers, analysis, and fact-checking processes.

A new law in New York mandates that retailers disclose whether consumer data affects the pricing of essential items such as eggs and toilet paper, although it does not require them to specify how this data influences prices.

New York has become the first state in the US to mandate that online retailers disclose when prices are set by algorithms, a move aimed at increasing transparency in pricing practices. This regulation is part of a broader budget measure addressing concerns over personalized pricing, often referred to as 'surveillance pricing.'

Kalshi, a prediction market platform, has successfully raised $1 billion in funding led by Paradigm, achieving a valuation of $11 billion. This funding round follows a $300 million Series D round in October, during which the company's valuation was $5 billion. The latest investment marks Kalshi's third fundraising effort this year.