Kalshi co-founder Lopes Lara becomes the world’s youngest self-made female billionaire

The report states that both Lopes Lara and Kalshi's other co-founder Mansour grew up in Lebanon and met at MIT. They belonged to the same international student circle and took very similar courses, both majoring in computer science. In 2018, both interned at Five Rings Capital in New York, which brought them closer. One night, on their way back to their internship apartment in the Financial District, they suddenly came up with the idea of creating a prediction market. Thus, Kalshi was born.

Previous reports stated that Kalshi completed a $1 billion financing round at a $11 billion valuation. This round was led by Paradigm, with other investors including Sequoia Capital, a16z, and Y Combinator.