Kalshi Raises $1B, Partners with CNN
Update: 2025-12-03
Description
Kalshi, a prediction market platform, secured a massive $1 billion funding round, valuing it at $11 billion. Led by Paradigm, the round also included investments from Sequoia Capital, Andreessen Horowitz, and Capital G. This comes just two months after a $300 million round. Kalshis diverse user base, with interests ranging from politics to sports, is driving growth. The company is planning a partnership with CNN and expects growth from businesses using its platform for risk management. In the competitive landscape, Kalshis rival, Polymarket, is reportedly seeking a funding round valuing it between $12 and $15 billion.
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