Kalshi Secures $1B Funding, Valued at $11B
Update: 2025-11-20
Description
Kalshi, a prediction market platform, secures a massive $1 billion funding round, pushing its valuation to $11 billion. This comes just two months after a $300 million raise at a $5 billion valuation. Kalshi and its main competitor, Polymarket, have seen a surge in popularity due to their accurate predictions in recent elections. Kalshi allows users to bet on a wide range of future events and recently reached $50 billion in annualized trading volume. Despite legal challenges, Kalshi successfully sued the CFTC to operate in the US, while Polymarket re-entered the American market after acquiring a derivatives exchange and clearing house.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
