Key Takeaways Luana Lopes Lara is the cofounder of Kalshi, a platform that allows users to place bets on the outcomes of future events.
After a $1 billion funding round earlier this week, Kalshi is now valued at $11 billion.
Lopes Lara’s 12% stake in Kalshi brings her net worth to $1.3 billion, making her the world’s youngest self-made female billionaire.
Step aside, Lucy Guo — a new billionaire has joined the ten-figure club.
Kalshi cofounder Luana Lopes Lara, 29, became the youngest self-made female billionaire on Tuesday after her startup announced a $1 billion funding round at an $11 billion valuation. Venture capital firm Paradigm led the raise, which also drew participation from Sequoia Capital and Andreessen Horowitz.
Kalshi is a platform that allows users to place bets on the outcomes of future events, like elections, interest rate changes and celebrity divorces. The site is legal and regulated in the United States.
“We saw that most trading happens when people have some view about the future,” Lopes Lara previously told Forbes.
Kalshi co-founders Luana Lopes Lara (left) and Tarek Mansour (right). Credit: Kalshi
Kalshi’s valuation has doubled in less than two months. The startup was previously worth $5 billion after raising $300 million in October.
Related: This Billionaire Says Life ‘Hasn’t Really Changed That Much’ After Making Billions. Here’s Where She Spends Money.
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