Cathie Wood‘s ARK Invest joined Kalshi’s $1 billion Series F last week at a $22 billion valuation, slotting the prediction market behind only SpaceX and OpenAI in the ARK Venture Fund.
Wood called prediction markets “a powerful new layer of financial infrastructure.” Kalshi will be hoping this prediction is more accurate than many of her previous ones.
A Decade Of Big Calls That Did Not Land
Morningstar analyst Amy Arnott labeled the ARK fund family the worst wealth destroyer of any U.S. fund group in 2024, estimating roughly $14.3 billion in shareholder value erased from 2014 to 2024.
That was more than double the second-worst family.
ARK Innovation ETF (NYSE:ARKK) made Teladoc Health (NYSE:TDOC) its largest position around $80 a share. Teladoc is trading under $7 today.
She loaded up on Zoom Communications (NASDAQ:ZM) near $300; the stock trades …
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