US EditionKalshi Raises $1 Billion for Predictions Market Platform
Kalshi secured $1 billion led by Paradigm to fund growth and global expansion after reaching $4.47 billion trading volume in Q3, surpassing rival Polymarket, data shows.
- Kalshi announced Tuesday that it closed a $1 billion financing round led by Paradigm, with participation from Sequoia Capital, Andreessen Horowitz and CapitalG, pushing its valuation to around $11 billion.
- Founded in 2018, Kalshi is the first U.S.-regulated prediction market and raised $300 million at a $5 billion valuation in October, with last month's $1 billion raise first reported by TechCrunch.
- Q3 data show Kalshi overtook rival Polymarket with $4.47 billion in trading volume versus Polymarket's $3.5 b, while reports in October said executives discussed valuations between $12 billion and $15 billion.
- Kalshi is reportedly planning a partnership with CNN while investors expect growth from companies using Kalshi to hedge risks like government shutdowns or adverse weather, following a $300 million raise at a $5 billion valuation in October.
- CEO Tarek Mansour said Kalshi replaces debate with marketplace accuracy and `we've created a new way to consume and engage with information` while exploring tokenized event bets on Solana.
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Kalshi raises $1B Series E at an $11B valuation, solidifying its lead as the prediction market giant - Tech Startups
Kalshi has stepped into rare territory. The prediction market startup just secured a $1 billion Series E round at an $11 billion valuation, a leap that signals how quickly this category is maturing, the company announced Tuesday. Paradigm led the […] The post Kalshi raises $1B Series E at an $11B valuation, solidifying its lead as the prediction market giant first appeared on Tech Startups.
Kalshi raises $1 Bn at $11 Bn valuation in rapid growth surge | Business Review Live | Business News, Reviews | Entrepreneur Stories, Interviews
Prediction market Kalshi, which allows people to bet on future events, announced on Tuesday that it raised a $1 billion funding round at an $11 billion valuation. The round was led by returning investor Paradigm, and Sequoia Capital, Andreessen Horowitz, Capital G, and other existing backers also participated. Moreover, this latest funding arrives less than two months after the trading platform announced that it raised $300 million at a $5 billi…
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