US EditionKalshi Valued at $2 Billion in Latest Funding Round, CEO Says
- Founded in 2018, Kalshi secured $185 million in a Series C round led by Paradigm, which valued the prediction market company at $2 billion as of June 2025.
- After winning a court battle in the previous year, Kalshi received regulatory authorization to offer contracts linked to the U.S. presidential election from the federal body overseeing commodity futures.
- Kalshi offers users opportunities to trade on predictions across politics, economics, sports, and entertainment, attracting increased activity and scrutiny from both traders and regulators since last year’s election.
- Some critics view Kalshi’s contracts as a form of disguised gambling, a characterization that Kalshi and similar platforms firmly oppose, highlighting that prediction markets frequently yield more accurate forecasts than conventional polls.
- The recent fundraising, alongside competitor Polymarket’s $200 million raise at a $1 billion valuation, signals growing investor interest and the expanding role of regulated prediction markets.
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28 Articles
Kalshi CEO on hitting $2B valuation: We're one of the fastest growing companies in America
Tarek Mansour, Kalshi co-founder and CEO, joins 'Squawk Box' to discuss the company hitting $2 billion in valuation after its latest funding round, where the increased funding will be allocated towards, state of prediction markets, NYC mayoral race, and more.
Prediction market startup Kalshi hits $2B valuation with $185M raise led by Paradigm - Tech Startups
Kalshi, the prediction market platform where users trade on real-world events, has landed a $185 million funding round, pushing its valuation to $2 billion. CEO Tarek Mansour shared the news on X on Wednesday. The round was led by Paradigm, […] The post Prediction market startup Kalshi hits $2B valuation with $185M raise led by Paradigm first appeared on Tech Startups.
Channel News Asia
MSNKalshi valued at $2 billion in latest funding round, CEO says
Kalshi has raised $185 million in a funding round that values the prediction marketplace at $2 billion, its CEO Tarek Mansour said in a post on X on Wednesday.The round was led by crypto-focused investor Paradigm, Mansour said. Investment firms Sequoia, Multicoin, Neo and Bond Capital, and Citadel Securities
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