The $13B Kalshi pool sold out fast.
The $14B pool opens on May 13, 14:00 UTC → app.tessera.pe/auction/T-Kalshi
Shortly after, trading will begin at a $14B implied valuation, powered by @MeteoraAG.
Kalshi Pre-Sale is Live
Pre-Sale 1: Valuation $12B
Pre-Sale 2: Valuation $13B
Kalshi's lastest round raised $1B at $22B valuation.
Launch open →https://app.tessera.pe/auction/T-Kalshi
All Solana Mobile owners now have access to Pre-Sale 2.
That’s entry to Kalshi at $13B. Kalshi’s last round raised $1B at $22B.
Just connect here:
Prediction markets have a credibility problem.
Not with regulators. Not with data. With the finance industry.
The dominant assumption, still, is that prediction markets are retail products. Novelty platforms where people bet on elections and sports outcomes. Sophisticated investors haven't taken them seriously as a tradeable asset class.
That just changed. On May 1, Clear Street, a prime broker to hedge funds and institutional traders, announced it is joining Kalshi's exchange and clearing house as a futures commission merchant (per Bloomberg, May 2026). Clear Street's clients will have direct access to Kalshi event contracts. The broker is also launching swap capabilities for ETF issuers tied to prediction markets.
This is not a consumer deal. Clear Street's entire business is institutional. It exists to serve hedge funds, asset managers, and sophisticated prop desks.
Kalshi just became part of institutional market infrastructure.
Why it Matters More Than you Think.
Institutional participation changes the character of a market. When hedge funds trade alongside retail, spreads tighten, liquidity deepens, and price discovery improves. Prediction market odds become harder to dismiss as noise.
The Federal Reserve already cites Kalshi data in its communications. The White House cited Kalshi odds during trade negotiations. Clear Street's participation puts institutional capital behind those same markets.
The gap between institutional access and institutional adoption tends to close quickly.
READ HERE:
Early exposure to SpaceX live. Next is Kalshi.
Get Kalshi entry at $12B · $13B · $14B tiers.
Kalshi closed its Series C at a $22B valuation.
No minimums. No KYC.
Live May 11
I'm planning to buy a perfume for my wife for mothers day. Looking at some previous topics here, parang ang okay ata ay Clinique Happy for women.
Do you have any recommendations? Yung hindi matapang at hindi din sobrang sweet. Yung pag na amoy, amoy prim and proper na lady. 🤔
The creator experience delivered.🧑🍳
Thanks to everyone who joined us in Miami, and to @SagaMobileDAO x @Thelynkapp for an amazing event.
Kalshi Pre-Sale goes live in 6 days.
Check your eligibility now →https://app.tessera.pe/auction/T-Kalshi/eligibility
Kalshi 3-Tier Launch
Pre-Sale 1: May 11th 14:00 UTC
Valuation: $12B
Selection: 40 contributors from Pre-Sale 2 eligibility will be selected. Selection focuses on demonstrated community engagement, social activity, and long-term support.
Pre-Sale 2: May 11th 14:00 UTC
Valuation: $13B
Selection: If not included in snapshot, trade $5,000 of $tSpaceX
Public Alpha Vault: May 13th
Valuation: $14B
Open access
Check your eligibility now:
Kalshi closed its Series C at a $22B valuation. Tessera is launching T-Kalshi May 11th.
Three entry tiers: $12B · $13B · $14B
Check your eligibility now → https://app.tessera.pe/auction/T-Kalshi/eligibility
Not eligible yet? Generate $5,000 in trading volume on T-SpaceX to qualify
TSPXcLV76s6V2zDiZQ18kBfcbnjaE2ZzNT3ga2Pd99v
We just took a snapshot of all SpaceX holders that have generated $1000 of volume
Stay tuned
TSPXcLV76s6V2zDiZQ18kBfcbnjaE2ZzNT3ga2Pd99v
Creators, we saved you a seat!
Tessera, SagaDAO, and LYNK invite Web3's best creators to a private chef experience during Accelerate Miami 🍝
@Tessera_PE @SagaMobileDAO @Thelynkapp
On April 21, SpaceX kicked off its Analyst Day.
For most people, it will register as a footnote in the news cycle. For anyone trying to understand where one of the most consequential IPOs in history is actually headed, and what it means for private market access, it is the most important event of the month.
Here is what is happening, what it means, and what comes next.
What an Analyst Day Actually Is
An Analyst Day is the first time management speaks directly to the institutional investment community before a public filing. SpaceX filed its S-1 confidentially with the SEC on April 1. The public version, which will disclose full financials for the first time, is expected in late May. The roadshow begins June 8. Pricing is June 15.
April 21 is Day 1 of a three-day process: Wall Street’s top aerospace and technology analysts at Starbase in Boca Chica today; institutional fund managers — large mutual funds and pension plans — on April 22; and a tour of the “Macrohard” xAI datacenter in Memphis on April 23. Attendees surrender their devices at the door. The message SpaceX is sending across all three days: this is an AI infrastructure company, not a rocket company.
READ HERE:
In December, the market was absorbing a $1.5T SpaceX IPO.
Now the conversation has moved to $1.75T to $2T.
SpaceX Analyst Day is tomorrow.
Pre-IPO companies reprice fast. Early access matters.
The hardest part of building a new market is winning the right to exist.
Product matters. Growth matters. Valuation matters.
But in new financial categories, regulatory legitimacy is critical. That's why Kalshi stands out.
The hardest part of building a new market is winning the right to exist.
Most investors focus on product, growth, and valuation. In established sectors, that usually makes sense. In new financial categories, regulatory legitimacy can matter just as much. Before a market can scale, it needs enough legal clarity and institutional recognition to support serious capital, broader distribution, and long-term participation. That process is expensive, time-consuming, and often uncertain. It also tends to separate the companies building a category from the ones simply participating in it.
That is one reason Kalshi stands out.
Its recent $1 billion raise at a $22 billion valuation is a major signal. So are its expanding media partnerships and accelerating market share. Reuters reported that the round was led by Coatue and valued Kalshi at $22 billion, up from $11 billion in its prior December round. Reuters also reported that CNBC and Fox have signed agreements to integrate Kalshi’s prediction-market data into their programming and digital platforms. Fortune, citing Bank of America analysts, wrote that Kalshi now holds roughly 90% share of the U.S. prediction-market market and has reached about $3 billion in weekly volume, up from roughly $100 million a year earlier.
Although those numbers are important, the regulatory foundation underneath them may be even more important.
READ HERE: