Prediction Market Kalshi Completes $185 Million Funding at $2 Billion Valuation, Paradigm Leads Investment
PANews reported on June 26 that according to Bloomberg, the prediction market Kalshi announced the completion of a $185 million financing, with a valuation of $2 billion, led by crypto venture capital Paradigm. The platform allows users to predict and bet on future events such as sports events and entertainment scores.
Kalshi was founded in 2018 by MIT graduates and participated in the Y Combinator incubation program in 2019. Its previous investors include Sequoia Capital and others. As a US federally regulated platform, its competitor Polymarket is prohibited from using it by US users because it is not registered with the CFTC. Recently, both platforms have announced cooperation with social media X, but Kalshi later withdrew the relevant statement.
You May Also Like
VFX Token vs Chainlink: When Real Trading Data Beats Oracle Promises
Motive Files Registration Statement for Proposed Initial Public Offering
Nubank plans stablecoin integration for credit card transactions
Nubank Vice-Chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America. Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments.The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system. According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with banking services.Read more