💸Kalshi (@Kalshi) has completed a $1 billion funding round led by Coatue Management (@coatuemgmt), instantly boosting its valuation to $22 billion. This comes less than four months after its previous $11 billion valuation in December of last year. Currently, prediction markets are the only sector that has managed to survive the fierce competition in the AI market. 😅 The phenomenal fundraising success of these two prediction market unicorns (Polymarket (@Polymarket) & Kalshi (@Kalshi) proves one point: By effectively shortening the feedback loop from "information acquisition" to "funding," a very strong "commercial barrier" can be established. Below are the funding histories of these two leading companies ⬇️