Kalshi is set to close a $100 million funding round at a $1 billion valuation, with backing from Paradigm.

BlockBeats News, June 26th, According to market sources, Paradigm is set to back compliant prediction market Kalshi with over $1 billion valuation in a $100 million funding round.

BlockBeats previously reported that on June 24th, there were reports that Polymarket, also a prediction market, is about to complete a nearly $200 million funding round, valuing the company at over $1 billion.