Finance isn’t exactly known for minting new business models overnight. The industry is heavily regulated, customers are slow to move money and licensing often keeps firms in familiar lanes. Prediction markets are proving a rare exception.Fast-growing U.S. prediction market Kalshi recently topped ...

Finance isn’t exactly known for minting new business models overnight. The industry is heavily regulated, customers are slow to move money and licensing often keeps firms in…

Prediction market platform Kalshi is reportedly seeking new funding at a $40 billion valuation, nearly doubling its valuation of $22 billion in May.