The post Kalshi attracts investor offers valuing platform above $10 billion: Report appeared on BitcoinEthereumNews.com. Prediction market operator Kalshi is receiving investor offers valuing the company at more than $10 billion, according to a Bloomberg report.  That valuation would make Kalshi one of the largest prospective valuations yet for a regulated event-trading platform.  The offers come just weeks after Kalshi closed a $300 million round co-led by Andreessen Horowitz and Sequoia Capital, which pegged the New York-based startup at around $5 billion. Founded in 2018, Kalshi lets users trade contracts tied to real-world outcomes — from U.S. elections and economic data to sports contests and government shutdown durations.  The company operates under a Commodity Futures Trading Commission (CFTC) license, distinguishing it from crypto-native venues such as Polymarket, a major rival. After a court victory in October 2024 allowed Kalshi to list presidential-election contracts, trading volumes surged to new highs.  Chief executive Tarek Mansour said this month the exchange has reached an annualized volume of $50 billion. The competition in prediction markets is intensifying. Intercontinental Exchange, owner of the New York Stock Exchange, recently pledged up to $2 billion in Polymarket at an $8 billion valuation. The National Hockey League became the first major sports league to partner with both Kalshi and Polymarket under multiyear agreements announced this week. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Michael McSweeney before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/kalshi-10b-valuationThe post Kalshi attracts investor offers valuing platform above $10 billion: Report appeared on BitcoinEthereumNews.com. Prediction market operator Kalshi is receiving investor offers valuing the company at more than $10 billion, according to a Bloomberg report.  That valuation would make Kalshi one of the largest prospective valuations yet for a regulated event-trading platform.  The offers come just weeks after Kalshi closed a $300 million round co-led by Andreessen Horowitz and Sequoia Capital, which pegged the New York-based startup at around $5 billion. Founded in 2018, Kalshi lets users trade contracts tied to real-world outcomes — from U.S. elections and economic data to sports contests and government shutdown durations.  The company operates under a Commodity Futures Trading Commission (CFTC) license, distinguishing it from crypto-native venues such as Polymarket, a major rival. After a court victory in October 2024 allowed Kalshi to list presidential-election contracts, trading volumes surged to new highs.  Chief executive Tarek Mansour said this month the exchange has reached an annualized volume of $50 billion. The competition in prediction markets is intensifying. Intercontinental Exchange, owner of the New York Stock Exchange, recently pledged up to $2 billion in Polymarket at an $8 billion valuation. The National Hockey League became the first major sports league to partner with both Kalshi and Polymarket under multiyear agreements announced this week. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Michael McSweeney before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/kalshi-10b-valuation

                                                                               Ethereum co-founder Vitalik Buterin defended his blockchain’s 45-day exit queue after Galaxy Digital’s head of digital called it “troubling,” sparking backlash.                     Ethereum co-founder Vitalik Buterin has finally addressed some concerns over the lengthening Ethereum staking exit queue, which has now grown to 45 days. His response came after Galaxy Digital’s head of DeFi, Michael Marcantonio, called the exit queue length “troubling” on X and compared it to Solana which only needs two days to unstake. He has since deleted the posts. However, Buterin seemingly took a more ideological stance on the subject, describing unstaking from Ethereum as “more like a soldier deciding to quit the army,” adding that staking is more about “taking on a solemn duty to defend the chain.”Read more