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Deep Tide TechFlow News, May 7th, according to The New York Times, prediction market platform Kalshi announced the completion of a new $1 billion funding round led by Coatue Management, with the company's valuation reaching $22 billion.
The report pointed out that this is Kalshi's third funding round in the past 7 months, and after each round, its valuation has nearly doubled. Kalshi currently offers prediction market trading services for events such as sports, politics, and weather, and stated that large financial institutions are its future key expansion focus.