#代币销售与分发 After reviewing related information, Kalshi, a prediction market platform, completed a $1 billion financing under regulatory pressure, with a valuation reaching $11 billion, which is indeed surprising. This reflects the huge demand for prediction markets in the United States, but also highlights the legal risks involved. Based on on-chain data, this financing is likely to bring a significant influx of funds. It is recommended to closely monitor Kalshi's token distribution plans and the fund flow of large address holders, as these could have a notable impact on the market. At the same time, be vigilant about regulatory risks, as the legal positioning of prediction markets in the US remains unclear, and stricter regulations may be imposed in the future.