Prediction markets are on fire: Kalshi raises $1 billion, CNN and CNBC rush to collaborate

[BlockBeats] The prediction market sector has been truly on fire lately. Both Kalshi and Polymarket saw explosive trading volumes last month, each breaking their own historical records. Even YZi Labs couldn’t hold back and directly invested in two projects, Opinion and predict.fun.

But the most sensational move came from Kalshi—they secured $1 billion in funding, pushing their valuation to $11 billion. Even more impressive, their co-founder Lopes Lara became the world’s youngest self-made female billionaire as a result. After getting the money, Kalshi has been making moves one after another:

First, they partnered with Solana to bring prediction markets on-chain; next, they officially announced a partnership with CNN as the official prediction market partner, with their data to be broadcast live on news programs; finally, even CNBC couldn’t sit still and announced that Kalshi’s prediction data would be fully integrated into their TV, website, and paid subscription services.

With traditional media giants jumping in, it looks like prediction markets are truly breaking out into the mainstream.