Exchange that lets investors trade on event outcomes raises $30m

Kalshi, a Silicon Valley-based online exchange that lets users trade on the outcome of real-world events, has raised $30 million in a Series A funding round led by Sequoia Capital. The round was joined by Charles Schwab of Charles Schwab Corporation, Henry Kravis, the co-CEO of KKR, SV Angel, and previous investors including Neo and YC Continuity. The money comes on the heels of the CFTC approving Kalshi as a Designated Contract Market (DCM) in November...
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