Kalshi raised $1 billion yesterday. Sequoia, a16z, and Coatue handed it over at a $22 billion valuation — making Kalshi one of the most richly valued companies in the prediction market space, or the sports betting space, depending on which regulator you ask. Arizona says the second one, and they’ve filed 20 criminal misdemeanor countsContinue reading “Kalshi Is Running a Sportsbook and Calling It a ‘Prediction Market’ — And States Are Fighting Back”
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