The Online Prediction Market Moldi raised more than $ 300 million in a $ 5 billion appreciation as predicted markets moved to the financial mainstream, according to a New York Times report on Friday.
The company will now allow users in more than 140 countries to put bets, which marked the first -basic international expansion, the article said.
Malashi projects are $ 50 billion in the annual trading volume this year, from $ 300 million last year, and now holds more than 60% of the global market sharing, Beyond the rival polymarket.
The funding is led by major investors including sequoia capital, Andreessen Horowitz, Paradigm, Capitalg, and Coinbase Ventures, the New York Times said.
Growth is driven by sports betting, especially parlays, which put pressure on sportsbooks such as DRAFTKings (DKNG) and Fanduel Group, the report mentioned. Malashi is also integrated with platforms such as Robinhood (Hood) and Webull (Bull) to make trading more accessible in the event.
However, regulatory review remains a challenge, the article said. After cleaning a federal obstacle to the US Commodity Futures Trading Commission (CFTC) earlier this year, Bashi is now facing cases from some United States states accusing it of sports betting laws.
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