1. Kalshi, a prediction market platform, has raised over $300 million at a valuation of $5 billion, more than double its value from three months ago.
2. Investors Sequoia Capital, Andreessen Horowitz, Paradigm Ventures, CapitalG, and Coinbase Ventures participated in the round.
3. Kalshi is experiencing a surge in activity, with an estimated annualized trading volume of $50 billion, up significantly from last year's $300 million. The competition, Polymarket, has also seen growth, securing an investment of up to $2 billion at a pre-money valuation of $8 billion. However, due to regulatory issues, Polymarket is still unable to serve U.S. residents, while Kalshi has secured the right for Americans to use its platform.