<ul data-eligibleForWebStory="true"><li>Kalshi has successfully raised $185 million in a round led by Paradigm, valuing the company at $2 billion post-money.</li><li>Prediction markets, like those of Kalshi and Polymarket, utilize blockchain technology for users to bet on various outcomes.</li><li>Polymarket is reportedly seeking a $200 million round, facing regulatory challenges and bans in multiple countries, including the U.S.</li><li>Kalshi, in contrast, has navigated regulatory hurdles by being regulated by the CFTC, allowing U.S. residents to use their platform.</li></ul>

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

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