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But we saved everything 🙂.
Howard Lindzon highlights that Kalshi is now raising at a $40 billion valuation, marking significant new highs for what he describes as the 'degenerate economy.'
He observes that Kalshi’s valuation is now 40 percent higher than cboe, suggesting the underlying numbers must be substantial.
Lindzon has recently tracked shifts among major exchanges and products. He noted disruption as CFTC-approved perps challenged established exchanges like CBOE and CME in a previous article. In another update, Lindzon reported that Fidelity lowered the minimum SpaceX investment from $500,000 to $2,000 during a recent offering. These observations coincide with his latest comments on Kalshi’s valuation.