Kalshi Hits $11B Valuation as Prediction Markets Surge; DeepSnitch AI Emerges as Crypto Dark Horse
Prediction market Kalshi has reached an $11 billion valuation after a $1 billion Series E funding round led by Paradigm, with participation from Sequoia, a16z, and ARK Invest. The platform now handles over $1 billion in weekly trading volume, outpacing rivals like Polymarket and attracting attention from tech giants.
Meanwhile, crypto investors are shifting focus to early-stage opportunities. DeepSnitch AI's DSNT token has rallied 70% with $660K raised, positioning it as a potential moonshot amid the BlockDAG news cycle. The token's performance highlights the market's appetite for high-risk, high-reward plays in the current bull run.