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Kalshi Raises $1B at $11B Valuation as Prediction Markets Boom
Kalshi's $1 billion raise highlights growing investor confidence in regulated prediction markets amid ongoing legal disputes with state regulators over gambling claims.
- Kalshi announced it raised $1 billion at an $11 billion valuation, led by Sequoia Capital and CapitalG, according to TechCrunch.
- The new funding follows a surge in prediction market attention after correctly forecasting the New York City mayoral election earlier this month, and less than two months after a $300 million raise at a $5 billion valuation.
- Operating as a CFTC-regulated exchange and positioning itself as a U.S.-compliant alternative, Kalshi ran live New York subway ads and acquired a derivatives exchange and clearing house.
- The new valuation nudges Kalshi closer to rival Polymarket's $12 billion to $15 billion target and bolsters its standing among institutional and retail traders.
- Despite securing U.S. rights after suing the CFTC last year, Kalshi faces legal disputes with state regulators who claim its activities are illegal gambling, while rivals like Polymarket have been barred since 2022.
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Total News Sources30
Leaning Left0Leaning Right2Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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