Kalshi secures $1 billion in latest funding at $11 billion valuation: report

Decentralized prediction market platform Kalshi has reportedly secured $1 billion in its latest funding round, leading to an $11 billion valuation, according to a TechCrunch report. This significant funding follows a $300 million raise just weeks prior that valued the company at $5 billion. The latest round was led by existing investors Sequoia and CapitalG, with participation from Andreessen Horowitz, Paradigm, Anthos Capital, and Neo. Kalshi, which is U.S.-regulated, has recently surpassed rival Polymarket in monthly volume. The prediction market sector is gaining traction, evidenced by Google Finance integrating both Kalshi and Polymarket data into search results, and analysts noting these markets are evolving into broader information venues.

(Source：The Block)