Kalshi raises $1B in latest funding round, lifting valuation to $11B: NYT
Crypto Briefing
CFTC-regulated prediction market Kalshi secured $1 billion in a funding round, boosting its valuation to $11 billion.Summary
Kalshi, a prediction market platform regulated by the CFTC, successfully raised $1 billion in its latest funding round, according to the New York Times. This significant investment, led by existing backer Paradigm and including participation from Sequoia Capital and Alphabet’s growth equity fund CapitalG, has propelled Kalshi's valuation from $5 billion to $11 billion. The capital infusion is intended to support Kalshi's expansion as it competes in the growing prediction market sector against platforms like Polymarket, leveraging its regulatory clarity to attract mainstream interest in event-based betting.
(Source：Crypto Briefing)