Kalshi Raises $300M At $5B Valuation To Expand Global Presence

Kalshi, a U.S.-based prediction market, has raised $300 million in a Series D funding round that values the company at $5 billion. The firm is planning to expand its presence in global markets amid increased popularity of prediction markets.

As noted in a latest article from The New York Times, the funding round was led by Sequoia Capital and Andreessen Horowitz, with participation from investors including Paradigm, CapitalG, Coinbase Ventures, and Spark Capital.

Kalshi mentioned that it plans to use the fund to open its platform to customers in over 140 countries, far beyond the U.S walls so that people around the world can trade on real-world events such as politics, sports, and global news.

You need to login in order to Like