Decentralized prediction market platform Kalshi has raised $1 billion in its newest funding spherical, valuing the corporate at $11 billion, TechCrunch reported Thursday.
Kalshi’s newest financing spherical was led by Sequoia and CapitalG, the corporate’s current traders. Traders together with Andreessen Horowitz, Paradigm, Anthos Capital, and Neo additionally participated within the spherical, in keeping with the report.
The $1 billion funding got here simply weeks after the corporate introduced a $300 million increase final month that valued it at $5 billion.
Kalshi declined to touch upon the matter.
U.S.-regulated Kalshi has outpaced rival Polymarket in month-to-month quantity since September, in keeping with The Block’s dashboard. In October, Kalshi recorded $4.4 billion in quantity, in contrast with Polymarket’s $3.02 billion.
Final month, Polymarket was reportedly in talks with traders to increase a brand new spherical at a valuation between $12 billion and $15 billion, Bloomberg reported. NYSE father or mother agency Intercontinental Change additionally agreed to speculate as much as $2 billion in Polymarket final month.
Prediction markets have gained notable traction all through 2025, with Google Finance just lately saying earlier this month that it’s going to combine each Polymarket and Kalshi instantly into its search outcomes.
Bernstein analysts additionally mentioned earlier this month that prediction markets are shifting to grow to be broader info hubs spanning sports activities, politics, enterprise, economics, and tradition.
John Wang, Kalshi’s head of crypto, instructed The Block final month that its prediction market goals to grow to be out there on “each giant crypto software and trade” inside the subsequent 12 months.
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