Kalshi secures tens of millions in loans from VCs, eyes $50M+ round amid election betting boom, source says

Investors are rushing to throw millions at a hot startup called Kalshi as loans or even as unusual we’ll-figure-it-out later cash. Kalshi is an exchange that allows people to bet, as official commodity trading contracts, on the outcomes of cultural events, from election results to how long Taylor Swift’s latest album will top the charts. […]