"Kalshi reportedly being valued at $22B in its latest funding round, more than the market caps of DraftKings or FanDuel-owner Flutter."
"The split regulatory environment helps explain why investors may still be willing to commit serious capital. There's a growing sense that the long-term outcome will be decided federally."
"At a $22 billion valuation, Kalshi is now priced at roughly 14 to 15 times its annualized revenue, which is estimated to be around $1.5 billion."
Kalshi has raised over $1 billion in funding, increasing its valuation to approximately $22 billion. This marks a significant rise from its previous $11 billion valuation just months prior. The funding round was reportedly led by Coatue Management, amidst ongoing legal and regulatory challenges, including criminal charges in Arizona. Despite these pressures, investors remain optimistic about the long-term federal regulatory environment for prediction markets. Kalshi's valuation reflects a multiple of 14 to 15 times its estimated annualized revenue of $1.5 billion.
Read at ReadWrite
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