Kalshi Becomes CNN’s Official Prediction Market Partner After Raising $1B
Prediction markets platform Kalshi has secured a serious media breakthrough after signing a partnership with CNN, making the corporate the community’s official prediction markets associate whereas closing a $1 billion funding spherical at an $11 billion valuation.
Key Takeaways:
- Kalshi grew to become CNN’s official prediction markets associate after elevating $1B at an $11B valuation.
- CNN will show Kalshi’s real-time chances in broadcasts, together with a reside on-screen ticker.
- The funding spherical, led by Paradigm, alerts robust investor confidence in prediction markets as a mainstream information supply.
Under the agreement, Kalshi’s real-time market information can be used inside CNN’s newsroom to help reporting on politics, economics, and main cultural occasions.
CNN employees may have entry to Kalshi’s likelihood information, which displays how customers worth future outcomes primarily based on buying and selling exercise.
CNN to Launch Kalshi-Powered Live Prediction Ticker
The community will even introduce a reside, Kalshi-powered ticker throughout protection segments that use market information.
The integration can be overseen by CNN Chief Data Analyst Harry Enten, whose work focuses on making use of data-driven insights to political and social reporting.
Kalshi stated the partnership is designed to offer viewers with clearer alerts on rising developments by exhibiting how markets are reacting in actual time.
The announcement comes as Kalshi confirms a $1 billion Series E funding spherical led by crypto-focused funding agency Paradigm, with participation from Sequoia Capital, Andreessen Horowitz, and ARK Invest.
The spherical greater than doubles Kalshi’s earlier $5 billion valuation from an October elevate.
Kalshi chief government Tarek Mansour stated markets have gotten a brand new option to measure public expectations.
“Kalshi is changing debate and opinion with markets and accuracy,” he stated, including that customers more and more need info mirrored via worth motion relatively than hypothesis.
Kalshi Hits Record $4.5B Monthly Volume
The funding follows a surge in exercise throughout prediction platforms. According to Token Terminal information cited by the corporate, Kalshi posted report buying and selling quantity of $4.54 billion in November, beating October’s $4.49 billion.
Kalshi stated weekly volumes at the moment are exceeding $1 billion, representing development of greater than 1,000% since 2024.
Its closest competitor, Polymarket, additionally recorded a powerful November, hitting a month-to-month complete of $3.76 billion after crossing $3 billion in October.
Polymarket CEO Shayne Coplan not too long ago stated prediction markets are among the many most dependable indicators for forecasting real-world outcomes.
As reported, Mike Novogratz’s Galaxy Digital is in talks with Polymarket and Kalshi about turning into a liquidity supplier, as on-chain betting on real-world occasions attracts extra consideration from each retail merchants and Wall Street.
Galaxy, which has constructed its model round offering crypto infrastructure and companies to institutional purchasers, would act as a market-maker on the platforms, posting common bids and presents to deepen buying and selling.
Meanwhile, Kalshi is at present facing a nationwide class action lawsuit alleging the platform operates like an unlicensed sportsbook and misrepresents pricing benefits versus conventional betting markets. The firm has not admitted wrongdoing.
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