Kalshi closes $185M round as rival Polymarket reportedly seeks $200M

Kalshi just raised a $185 million round, led by crypto-focused VC firm Paradigm, bringing the company’s valuation to $2 billion post-money, representatives from Paradigm and Kalshi confirmed to TechCrunch. “Prediction markets remind me of crypto 15 years ago: a new asset class on a path to trillions,” Matt Huang, co-founder and managing partner at Paradigm,…

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U.S. strikes on Iran’s nuclear program have unleashed cyberattacks on American banks and the oil industry

So far, pro-Iranian hackers have not caused extensive damage to the U.S. economy. Hackers backing Tehran have targeted U.S. banks, defense contractors and oil industry companies following American strikes on Iranian nuclear facilities—but so far have not caused widespread disruptions to critical infrastructure or the economy.But that could change if the ceasefire between Iran and…

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