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 gr