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Frank Chaparro: Kalshi reportedly reaches $22B valuation as ICE commits $600M to Polymarket
Kalshi has reportedly reached a $22 billion valuation, according to Frank Chaparro. ICE is committing $600 million to Polymarket.
Chaparro emphasized that prediction markets are increasingly integral to how investors assess risk, sentiment, and real-world outcomes. He explored these developments with a representative from Ostium Labs on the GSR podcast, The Crypto Tape.
Chaparro has recently tracked other major shifts in the market. He reported that Tether disclosed $1.6 billion in investments across sectors including Rumble and Elemental Royalty. In a separate update, he pointed to software credit spreads rising to 355 basis points amid rapid sector repricing. These findings reflect ongoing attention to capital flows and risk indicators.
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