Kalshi Raises $1 Billion to Lead the Global Prediction Markets.
Summary
- Kalshi, a CFTC-regulated US prediction marketplace, raised $1 billion at an $11 billion valuation, led by Sequoia and CapitalG.
- The platform’s annual transaction volume reached $50 billion, compared to $300 million a year earlier – an increase of more than 100x.
- Kalshi now competes with Polymarket ($8 billion value) as the sector attracts new entrants and rapid growth from investors.
Kalshi, a US-based prediction market platform regulated by the Commodities Futures Trading Commission, has raised $1 billion at an $11 billion valuation, according to a TechCrunch report. The company has not publicly confirmed the funding round.
The latest fundraising more than doubles that of the platform last Valuation of $5 billion as of October, when it raised $300 million in a round backed by Sequoia Capital, Andreessen Horowitz, Paradigm, CapitalG and Coinbase Ventures, the report said. Sequoia Capital and CapitalG are reportedly leading the current round as returning investors.
According to reports, the company previously raised $185 million at a $2 billion valuation in June. The latest funding would bring total capital raised to nearly $1.5 billion in less than six months.
Who is Kalshi?
Kalshi’s platform allows users from more than 140 countries to place bets on future events, including sports competitions, political outcomes, Rotten Tomatoes movie ratings and awards such as Time Magazine’s Person of the Year.
The company reported in October that it had reached $50 billion in annualized transaction volume, up from $300 million last year, marking a more than 100-fold increase.
The prediction markets sector has attracted significant investor attention, with Kalshi competing with Polymarket, which was last valued at $8 billion. A newcomer, Clearing Co., recently raised a $15 million seed round to compete in the space.
