$1.12 Billion for Kalshi Amidst Ongoing SEC Crypto Regulations

Kalshi, a prediction market platform, has seen significant growth since April, securing $1.12 billion in funding according to an SEC filing.

Meanwhile, the Securities and Exchange Commission (SEC) has proposed new regulations for the crypto sector, which some experts believe could lead to increased clarity on token laws.

Ahead of these changes, traders on Kalshi have taken a cautious stance on Bitcoin's year-end performance, with implied probabilities suggesting a more subdued outlook.