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 a post-money valuation of $22 billion. This is the company's third funding round in the past seven months, with each round's valuation approximately doubling. Despite facing multiple lawsuits from state regulators regarding sports betting and questions about insider trading, Kalshi still plans to further attract participation from major financial institutions.

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