Inside the Prediction Markets: Kalshi Raises $1B as Regulatory Tensions Escalate (opens in new tab)

Kalshi raised $1 billion this week at a $22 billion valuation, one of the largest financings yet in prediction markets. At the same time, the CFTC closed its public comment window on prediction market regulation after receiving more than 1,500 submissions.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!).These developments highlighted the same underlying trend: prediction markets are growing fast enough to attract institutional capital, while regulators and...