Kalshi Raises $1B At $11B Valuation As Prediction Market Race Continues

Kalshi, a regulated prediction market platform, has closed a $1 billion funding round that values the company at $11 billion, according to TechCrunch.

The round was led by returning investors Sequoia Capital and CapitalG, with participation from Andreessen Horowitz, Paradigm, Anthos Capital, and Neo.

The new valuation brings Kalshi closer to the $12 billion to $15 billion valuation target reportedly sought by its crypto-native rival Polymarket.

The milestone also comes just a month after Kalshi announced a $300 million round at a $5 billion valuation, underscoring investor appetite for the growing prediction market space.

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