Kalshi (Prediction Market) - Footnote 6

Note: WRONG NUMBERS: The source mentions a Series C funding round of $185 million, not a Series E of $1 billion. OVERCLAIMS: The source does not mention a $11 billion valuation. OVERCLAIMS: The source does not mention trading volumes exceeding $1 billion weekly. OVERCLAIMS: The source does not mention millions of users across 140+ countries. MISLEADING PARAPHRASE: The claim states that the platform experienced explosive growth in 2024-2025, particularly after a landmark federal court victory in September 2024 that allowed it to offer election contracts, overcoming CFTC objections. The source mentions that a federal court backed Kalshi's position in September 2024, but an appeals court briefly froze activity, and trading was allowed to resume soon afterwards. By October 2024, political contracts were live again and the platform recorded more than 3 million dollars traded in a single week, reflecting strong demand for event-based speculation. This does not necessarily mean that the platform experienced explosive growth.