Kalshi raises $1B to lead global prediction markets

Kalshi raises $1B to lead global prediction markets.

Summary

• Kalshi, a CFTC-regulated U.S. prediction market, raised $1B at an $11B valuation, led by Sequoia and CapitalG.
• The platform’s annual transaction volume hit $50B, up from $300M a year prior—a more than 100x increase.
• Kalshi now rivals Polymarket ($8B value), as the sector attracts new entrants and fast investor growth.

Kalshi, a U.S.-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 the platform’s previous valuation of $5 billion from October, when it raised $300 million in a round backed by Sequoia Capital, Andreessen Horowitz, Paradigm, CapitalG, and Coinbase Ventures, according to the report. Sequoia Capital and CapitalG are reportedly leading the current round as returning investors.

The company previously raised $185 million at a $2 billion valuation in June, according to reports. The latest funding would bring total capital raised in less than six months to nearly $1.5 billion.

Who is Kalshi?

Kalshi’s platform enables users from over 140 countries to place wagers on future events, including sporting competitions, political outcomes, film ratings on Rotten Tomatoes, and awards such as Time Magazine’s Person of the Year.

The company reported reaching $50 billion in annualized transaction volume in October, up from $300 million the previous year, representing more than a hundredfold increase.

The prediction markets sector has attracted significant investor attention, with Kalshi competing against Polymarket, which was last valued at $8 billion. A new entrant, Clearing Co., recently raised a $15 million seed round to compete in the space.