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Kalshi 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.
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Total News Sources15
Leaning Left0Leaning Right1Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
R 20%
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