📌 TOPINDIATOURS Hot crypto: Kalshi Raises $300M at $5B Valuation Under CFTC Oversi

Kalshi, a U.S.-licensed prediction market supervised by the Commodity Futures Trading Commission (CFTC), has secured $300 million in new capital, bringing its valuation to $5 billion, according to The New York Times.

The news describes the rapid ascent of prediction markets from niche financial experiments to global investment-grade platforms attracting major institutional capital.

Prediction Markets Enter the Spotlight

Once a curiosity on the fringes of finance, prediction markets are now attracting millions of users wagering on everything from politics and sports to entertainment and global events.

Kalshi, one of the most prominent names in the sector, said it plans to open its platform to customers in more than 140 countries, expanding far beyond its U.S. base.

The company’s fundraising announcement comes the same week as Polymarket, its chief rival, revealed that the Intercontinental Exchange (ICE)—parent company of the New York Stock Exchange—intends to invest up to $2 billion in its platform.

Explosive Growth and Investor Backing

Kalshi is also on pace to record $50 billion in annualized trading volume, a sharp increase from about $300 million last year, according to data from Dune. The platform now commands more than 60% of global prediction-market activity, having recently surpassed Polymarket.

“We did not expect this level of growth,” said Tarek Mansour, Kalshi’s co-founder and CEO. The surge has attracted heavyweight venture capital investors, including Sequoia Capital, Andreessen Horowitz, Paradigm, CapitalG, and Coinbase Ventures. The new round, negotiated just two months after its previous one, more than doubled Kalshi’s valuation.

Sports Bets and Retail Access Drive Expansion

Kalshi’s entry into sports wagering—including complex bets known as parlays—has shaken up the traditional sports betting market. Shares of DraftKings and FanDuel’s parent company have both declined by double digits amid concerns over competition.

Additionally, Kalshi’s partnerships with Robinhood and Webull have allowed users to trade prediction contracts as seamlessly as they buy stocks, deepening mainstream adoption.

Regulatory Questions Loom

Despite CFTC approval, Kalshi faces pushback from U.S. state regulators who argue its sports-related contracts resemble unlicensed gambling. Lawsuits have been filed in several states where online sports betting remains illegal.

Mansour remains confident, saying, “Every time there’s a new type of financial innovation, there’s always a series of questions around regulation. If there weren’t questions, what you’re doing is probably not meaningful or innovative enough.”

As Kalshi’s global reach expands, its battle to balance innovation with compliance may define the future of the regulated prediction market industry.

The post Kalshi Raises $300M at $5B Valuation Under CFTC Oversight appeared first on Cryptonews.

🔗 Sumber: cryptonews.com

📌 TOPINDIATOURS Eksklusif crypto: Is Binance Backing Hyperliquid? CZ Breaks Silenc

Binance founder Changpeng Zhao (CZ) has addressed growing speculation that Binance may have ties to the fast-growing decentralized exchange Hyperliquid, confirming that while the platform’s founder was once part of a Binance Labs incubation program, there are no current investment links between the two.

In a post on X, CZ said Jeff Yan, the founder of Hyperliquid, participated in Binance Labs’ first incubation cohort in 2018 through a startup called YZiLabs.

The project, which focused on a decentralized prediction market called Deaux, eventually failed, and Binance Labs did not recover its investment. CZ said he had little interaction with Jeff at the time and only learned about the connection earlier this year.

“If you didn’t know, Jeff (Hyperliquid) was part of the YZiLabs (Binance Labs back then) incubation season 1 cohort in 2018. Unfortunately, that project failed.

Hyperliquid’s Founder Once Part of Binance Incubator, CZ Confirms No Ongoing Ties

YZiLabs did not recoup any of its investment,” CZ wrote. He added that YZiLabs holds no equity or tokens in Hyperliquid and emphasized that Binance supports all builders in the space.

The post followed circulating photos from 2018 showing Jeff alongside other YZiLabs members, which fueled speculation of a deeper link between Hyperliquid and Binance.

Jeff’s earlier project, Deaux, aimed to simplify decentralized prediction markets, an idea that later evolved into the foundation of Hyperliquid’s community-driven model.

Hyperliquid, launched on its own layer-1 blockchain, has emerged as one of DeFi’s most active perpetuals trading platforms. In July 2025 alone, it processed about $319 billion in trading volume, according to DefiLlama data, the highest monthly figure since its launch.

The surge contributed to a record $487 billion in total DeFi perpetuals volume that month.

Built entirely on-chain, Hyperliquid operates through two tightly linked components: HyperCore, which handles order books, margin, and liquidations; and HyperEVM, a smart-contract layer sharing consensus and data with the exchange core.

Its HotStuff-based HyperBFT consensus enables sub-second trade execution, achieving median latency of just 0.2 seconds, performance that rivals centralized exchanges.

The platform’s structure diverges from the automated market maker model that dominates most decentralized exchanges.

Instead, it maintains on-chain order books and matching systems, combining transparency with the speed typically seen in centralized venues.

Hyperliquid’s core team is believed to consist of just 11 members.

Founder Jeff Yan has described the project as self-funded, rejecting venture capital to maintain independence and community alignment.

The team’s rapid response to outages, including a July incident that led to $1.99 million in trader reimbursements within a day, has drawn attention to its tight operational discipline.

While CZ clarified that Binance has no financial stake in Hyperliquid, his comments shed light on the shared history between Binance Labs’ early incubation efforts and the builders now leading some of DeFi’s most prominent projects.

Hyperliquid Emerges as Binance’s Strongest Decentralized Challenger

Decentralized exchange Hyperliquid has continued to erode Binance’s dominance in crypto derivatives trading, with its trading activity now reaching 13.6% of Binance’s volume, up from 8% at the start of the year.

The shift highlights how decentralized perpetual futures platforms are gaining traction as viable alternatives to centralized exchanges.

Hyperliquid has processed over $200 billion in recent months, driven by new cross-chain features that support assets across multiple blockchains, including Bitcoin.

The exchange now holds roughly 70% of the total decentralized perpetuals market, according to DeFiLlama and Token Terminal data. Its native token, HYPE, recently hit an all-time high of $59.29, bringing its market cap close to $16 billion.

The rise of decentralized perpetual exchanges (perp DEXs) has been rapid. Combined trading volume across the sector reached $1.22 trillion in September, a 48% jump from August.

Much of that activity came from Hyperliquid and Aster, a new derivatives DEX launched by YZi Labs, a firm linked to former Binance CEO Changpeng Zhao.

Aster has quickly climbed the ranks, posting nearly $494 billion in monthly volume and generating over $120 million in fees within a week.

Despite Binance’s still-dominant $83 billion in daily futures volume, the gap between centralized and decentralized platforms is narrowing.

Analysts say Hyperliquid’s consistent liquidity and Aster’s rapid rise signal a structural shift in derivatives trading, as traders increasingly favor decentralized, transparent, and non-custodial venues.

The post Is Binance Backing Hyperliquid? CZ Breaks Silence, Reveals Founder’s Failed Binance-Backed Project appeared first on Cryptonews.

🔗 Sumber: cryptonews.com