Kalshi Doubles Valuation to $11 Billion With $1 Billion Funding Round

Prediction market platform Kalshi secured a massive $1 billion funding round, which propelled its valuation to $11 billion, less than two months after raising $300 million at a $5 billion valuation. The latest round was led by both previous investors like Sequoia and CapitalG, and new participants including Andreessen Horowitz and Paradigm. Kalshi has become a leading platform, serving users in over 140 countries with cumulative transactions exceeding 68.4 million and a trading volume over $17 billion. The growth is further supported by Google Finance integrating its real-time data. Despite its success and federal regulation under the CFTC, Kalshi faces significant legal hurdles at the state level, including lawsuits in Massachusetts, potential reconsideration of an injunction in Nevada, and a suit against New York's gaming commission over the classification of its sports prediction markets.

(Source：BeInCrypto)