Kalshi raises $1B at $11B valuation after best volume month
Prediction market Kalshi secured $1 billion in Series E funding at an $11 billion valuation following a record trading volume month.Summary
Prediction market platform Kalshi announced it closed a $1 billion Series E funding round, valuing the company at $11 billion. This funding follows Kalshi's best-ever monthly trading volume in November, which reached $4.54 billion, surpassing its October record. The round was led by Paradigm, with participation from major crypto VCs like Sequoia, Andreessen Horowitz, and ARK Invest. CEO Tarek Mansour stated that Kalshi is replacing debate with markets, accuracy, and truth. The new capital will be used to integrate more brokerages, partner with news organizations, and expand offerings. Kalshi's recent success coincides with increased adoption, as both it and rival Polymarket benefited from integrations with other platforms, including Google Search and Coinbase's planned prediction market site.
(Source：Cointelegraph)