Prediction markets are becoming the new infrastructure
Data Integration Center
ARK Invest's CEO Cathie Wood, aka 'Woodster', expressed excitement about ARK's participation in Kalshi's latest funding round. She believes that prediction markets are emerging as a powerful new financial infrastructure, enabling real-time price discovery around events, probabilities, and changes in the state of the world. Cathie Wood stated that Kalshi is at the forefront of this innovation, and ARK is thrilled to support a team that continually pushes the boundaries of how markets aggregate and express information, congratulating them on reaching this significant milestone.
Kalshi announced the completion of a new funding round of $1 billion, led by Coatue Management with participation from ARK Invest and others, bringing their post-money valuation to $22 billion. This marks the company's third funding round in the past 7 months, with valuations roughly doubling after each new raise. Currently, Kalshi has about 2 million monthly active users, with an annual trading volume reaching $178 billion and annual revenue exceeding $1.5 billion.
Data Integration Center
ARK Invest's CEO Cathie Wood, aka 'Woodster', expressed excitement about ARK's participation in Kalshi's latest funding round. She believes that prediction markets are emerging as a powerful new financial infrastructure, enabling real-time price discovery around events, probabilities, and changes in the state of the world. Cathie Wood stated that Kalshi is at the forefront of this innovation, and ARK is thrilled to support a team that continually pushes the boundaries of how markets aggregate and express information, congratulating them on reaching this significant milestone.
Kalshi announced the completion of a new funding round of $1 billion, led by Coatue Management with participation from ARK Invest and others, bringing their post-money valuation to $22 billion. This marks the company's third funding round in the past 7 months, with valuations roughly doubling after each new raise. Currently, Kalshi has about 2 million monthly active users, with an annual trading volume reaching $178 billion and annual revenue exceeding $1.5 billion.