US EditionPrediction Market Kalshi Valued at $5B
Kalshi's rapid growth led to $50 billion in projected annualized trading volume and 60% global market share, fueled by sports-based contracts and fintech partnerships, despite regulatory challenges.
- On Oct. 10, Kalshi raised $300 million at a $5 billion valuation, the New York Times reported.
- Kalshi's growth has surged with expansion to more than 140 countries, boosting liquidity and projecting $50 billion annualized trading volume, up from $300 million last year.
- Backed by major VCs, Kalshi raised over $300 million led by Sequoia Capital and Andreessen Horowitz, adding to a June round, the New York Times reported.
- While under CFTC oversight, Kalshi faces lawsuits from several U.S. states over sports-related contracts, pressuring sportsbooks like DraftKings and FanDuel whose shares dropped in recent weeks.
- Competition intensified as Polymarket secured up to $2 billion from Intercontinental Exchange at an $8 billion valuation, testing Kalshi's claimed market share of about 60%.
29 Articles
29 Articles
Kalshi Raises $300 Million from Sequoia and a16z, Doubling Valuation to $5 Billion Amid Global Expansion News ETHNews
Prediction market platform Kalshi has secured over $300 million in new funding, led by Sequoia Capital and Andreessen Horowitz (a16z), pushing its valuation to $5 billion, more than double its level from just four months ago. The raise highlights surging investor interest in regulated prediction markets, which allow users to trade contracts on outcomes spanning politics, sports, economics, and entertainment. The latest Series D round also saw pa…
Kalshi raises $300M to expand prediction markets to 140 countries - WorldNL Magazine
United States-based prediction marketplace Kalshi closed another major funding round to bring its platform to more than 100 countries worldwide.Kalshi completed a Series D funding round of over $300 million led by Sequoia Capital and Andreessen Horowitz (a16z), with participation by Paradigm, the company announced on Friday.The platform is immediately available in over 140 countries, Kalshi said in a statement shared with Cointelegraph, adding t…
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