Cathie Wood on Investing in Kalshi: Predictive Markets are Becoming the New Financial Infrastructure, with Kalshi at the Forefront

BlockBeats News, May 13th - ARK Invest CEO Cathie Wood, also known as "Wood-ette," announced that ARK is excited to participate in Kalshi's latest funding round. She believes that the prediction market is becoming a powerful new financial infrastructure that enables real-time price discovery around events, probabilities, and changes in the world's state.

Cathie Wood stated that Kalshi is at the forefront of this innovation, and ARK is pleased to support such a team that is constantly pushing the boundaries of how the market aggregates and expresses information. She congratulated them on reaching this significant milestone.

Previously reported on May 7th, Kalshi announced the completion of a new $1 billion funding round, led by Coatue Management with participation from ARK Invest, among others, bringing the post-investment valuation to $22 billion. This is the company's third funding round in the past 7 months, with the valuation roughly doubling after each new round of funding. Currently, Kalshi has approximately 2 million monthly active users, an annualized trading volume of $178 billion, and annual revenue exceeding $1.5 billion.