Kalshi Raises $1B, Valued at $11B
Update: 2025-12-03
Description
Kalshi, a prediction market platform, secures $1B funding, valued at $11B, led by Paradigm and supported by Sequoia Capital, Andreessen Horowitz, and Capital G. This follows a $300M round in April, valuing the company at $5B. Despite gaining attention for political predictions, sports betting drives most trading activity. Kalshi plans to partner with CNN and expand into risk management for businesses. In contrast, competitor Polymarket is reportedly seeking $12-15B valuation.
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