In recent finance news, two major players in the tech and finance industries have made significant strides in securing funding for their expansion plans. Kalshi, a prediction marketplace, has raised $300 million to expand its operations to 140 countries, while Galaxy Digital, led by Mike Novogratz, has secured $460 million to transform a former Bitcoin mining site in Texas into a large-scale AI data center.
Kalshi’s latest funding round, as reported by CoinTelegraph and CoinDesk, will allow the platform to broaden its reach and offer prediction markets to users in 140 countries. This move positions Kalshi as a direct competitor to Polymarket, another prediction marketplace, and signals the growing popularity of prediction markets as a form of financial engagement and entertainment.
On the other hand, Galaxy Digital’s investment in converting a Bitcoin mining site into an AI data center showcases the company’s pivot towards emerging technologies and sustainable practices. The move aligns with the broader trend of companies repurposing mining facilities for more environmentally friendly and profitable ventures, as highlighted by CoinTelegraph.
The funding secured by both Kalshi and Galaxy Digital underscores the continued interest and investment in innovative technologies within the finance industry. Prediction markets and AI data centers represent the intersection of finance, technology, and sustainability, offering new opportunities for growth and development.
Experts suggest that the expansion of prediction markets and the conversion of mining sites into AI data centers could have far-reaching implications for the finance and tech sectors. These developments may lead to increased accessibility to financial tools and services, as well as advancements in AI and data processing capabilities.
Overall, the recent funding rounds for Kalshi and Galaxy Digital signal a growing interest in prediction markets and AI technologies, with potential implications for the broader finance and tech industries. As these companies continue to expand and innovate, they are poised to shape the future of finance and technology on a global scale.
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References:
– Kalshi raises $300M to expand prediction markets to 140 countries. (2025, October 10). CoinTelegraph. https://cointelegraph.com/news/kalshi-300-million-raise-prediction-markets-140-countries?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
– Kalshi Raises $300M at $5B Valuation, Expands Prediction Markets to 140 Countries: NYT. (2025, October 10). CoinDesk. https://www.coindesk.com/business/2025/10/10/kalshi-raises-usd300m-at-usd5b-valuation-expands-prediction-markets-to-140-countries-nyt
– Galaxy Digital raises $460M to transform Texas Bitcoin mine into AI data center. (2025, October 10). CoinTelegraph. https://cointelegraph.com/news/galaxy-digital-460m-ai-data-center-texas?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
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