Kalshi, the prediction market and financial exchange platform that correctly predicted the outcome of the 2024 presidential election and recent New York mayoral primary, said it reached a $2 billion valuation on Wednesday following its latest funding round.
The website, which functions more like a financial market than a traditional gambling website, allows users to buy into event contracts through “yes” or “no” questions. It’s regulated by the Commodity Futures Trading Commission, allowing it to function in states where sports betting is banned.
