Brazilian co-founder's prediction market platform reaches $11 billion valuation

g1.globo.com (Portuguese)

Luana Lopes Lara, 29, is the world's youngest self-made female billionaire after her company, Kalshi, reached a $11 billion valuation. Kalshi is a platform that allows users to trade contracts based on the outcome of future events, functioning like a stock market for predictions. The company earns by charging transaction fees. Lara, originally from Brazil, co-founded Kalshi after studying at MIT. The platform has gained regulatory approval for election-related predictions in the US and is expanding into other markets.


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