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Kalshi is a centralized prediction market with CFTC approval to operate legally in the U.S. Supporting multiple blockchain networks for deposits, it allows both Web2 and Web3 users to trade outcomes on specific events and earn rewards if they forecast the results accurately.
On October 10, 2025, Reuters reported that in August 2025, the Kalshi betting app raised $300M at a $5B valuation from Coinbase Ventures, Paradigm, a16z, Sequoia Capital, and other investors.