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Cathie Wood: Predictive markets have become a new type of financial infrastructure, ARK invests in Kalshi's latest funding round
ARK Invest CEO Cathie Wood stated that #ARK is pleased to participate in Kalshi's latest funding round. She believes that predictive markets are becoming a powerful new financial infrastructure that can enable real-time price discovery around events, probabilities, and changes in the state of the world.
Cathie Wood said that #Kalshi is at the forefront of this innovation, and ARK is happy to support a team that continuously pushes the boundaries of how markets aggregate and express information, and congratulates them on reaching this important milestone.
Previously, it was reported that Kalshi announced the completion of a new $1 billion funding round led by Coatue Management, with participation from ARK Invest and others, and a post-money valuation of $22 billion.