The United States-based prediction market has closed another major funding cycle to bring its platform to more than 100 countries worldwide.
Blashi completed a series D funding of more than $ 300 million led by Sequoia Capital and Andreessen Horowitz (A16Z), along with paradigm participation, the company announced Friday.
The platform is immediately available in more than 140 countries, Blashi said in a statement shared with Cointelegraph, adding that it has now appeared as “a single global predica market and immediately added billions of new potential customers.”
The latest $ 300 million increases come months after Moldi closed a separate $ 185 Million Funding In June, led by the paradigm and also featured sequoia.
$ 5 billion appreciation
The funding of the Malashi series brought the company’s appreciation to $ 5 billion, up to $ 3 billion from its previous increase in June.
In addition to sequoia, A16z and Paradigm, the new funding is attracting additional investors, including capitalg, Coinbase Ventures, General Catalyst and Spark Capital.
On the heel of a fundraising round that appreciates the MAMINI for $ 5 billion, the platform also announced its international expansion with immediate launch in many new markets.
“International users can now access the platform through the Malashi website with the same product experience with American users,” the company said.
38 countries are restricted
Cointelegraph approached, Butili did not immediately disclose markets where the platform expands, instead determining a member agreement that Lists 38 limited jurisdictions.
Among the restrained countries, the document listing Canada, France, Poland, Russia, Singapore, Taiwan, Thailand, United Kingdom, Venezuela and others.
“Bashi appeared as the leading platform of the prediction market, and we were glad to bring them back,” said A16Z growth partner Alex Immerman.
Related: Oldi ‘ready to defend the’ predictions market in the middle of Massachusetts case
“Tarek and Luana chose the difficult but more responsible path of being the first CFTC -controlled market, and their extent of markets, liquidity, and infrastructure was built for size,” he added, emphasizing the platform’s opportunity to be “the largest and most important financial market.”
Blashi’s news marks another milestone on the growing trend for the prediction markets, with its main rival, Polymarket, raising $ 2 billion From the owner of the NYSE, Intercontinental Exchange, on Tuesday. Strategic investment puts the post-money valuation of the polymarket for $ 9 billion.
Magazine: Delayed
