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Kalshi raised $1B led by Sequoia and Wellington Management at a $40B valuation, up from a $22B valuation after raising $1B in May, its last raise before an IPO (Lauren McCarthy/New York Times)

The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket.

We haven't written up this one. Techmeme has the full story — the link below goes straight to it.

Read the original at nytimes.com →

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