Kalshi (Prediction Market) - Footnote 5
The source states Kalshi received CFTC approval in November 2020 and launched trading in July 2021, which is accurate. The source mentions a federal court backing Kalshi's position in September 2024, but it doesn't explicitly state this victory allowed it to offer election contracts, only that political contracts were live again and the platform recorded more than 3 million dollars traded in a single week. The source mentions a Series C funding round of $185 million in June 2025, giving it a valuation of $2 billion, not a Series E funding round of $1 billion leading to an $11 billion valuation. The source does not provide information about trading volumes exceeding $1 billion weekly or millions of users across 140+ countries.
Our claim
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Source evidence
1 src · 1 checkNoteThe source states Kalshi received CFTC approval in November 2020 and launched trading in July 2021, which is accurate. The source mentions a federal court backing Kalshi's position in September 2024, but it doesn't explicitly state this victory allowed it to offer election contracts, only that political contracts were live again and the platform recorded more than 3 million dollars traded in a single week. The source mentions a Series C funding round of $185 million in June 2025, giving it a valuation of $2 billion, not a Series E funding round of $1 billion leading to an $11 billion valuation. The source does not provide information about trading volumes exceeding $1 billion weekly or millions of users across 140+ countries.