KALSHI ADDS $200M FROM BAILLIE GIFFORD, LAYER

The new capital joins Kalshi's previously announced $1 billion funding round, signaling continued investor confidence in the prediction markets sector. Baillie Gifford, a Scottish investment manager, and Layer Global, a venture firm, become the latest backers of the platform that enables users to trade contracts based on real-world events. Kalshi operates in a regulatory gray area. The platform has faced scrutiny from the U.S. Commodity Futures Trading Commission over its event contracts, though it operates under specific CFTC guidelines for certain event categories. The funding boost reflects growing institutional interest in prediction markets, which have gained prominence as alternative data sources for decision-makers across finance, politics, and business. Kalshi competes with other platforms in the space as the sector continues to mature and expand its user base.