ARK Invest Participates in Kalshi's $1 Billion Funding Round, Valuation Reaches $22 Billion

According to Cathie Wood, ARK Invest CEO, ARK participated in Kalshi's latest funding round on May 13. The round, led by Coatue Management, values the prediction market platform at $22 billion. Kalshi reported monthly active users of approximately 2 million, with annualized trading volume reaching $178 billion and annualized revenue exceeding $1.5 billion.
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