Kalshi, the US-regulated prediction market operating under Commodity Futures Trading Commission (CFTC) oversight, has raised $300 million in new funding at a $5 billion valuation, according to The New York Times on Friday.

The company allows investors to trade on the outcomes of real-world events—from elections to inflation data—and has increasingly attracted both institutional and crypto-native traders seeking regulated exposure to event-based markets.

The platform, founded in 2018 by Tarek Mansour and Luana Lopes Lara, operates legally under the CFTC’s designated contract market status, distinguishing it from decentralized or offshore prediction venues that lack regulatory…

Read more on Blockworks