Kalshi Raises $1 Billion at $11 Billion Valuation
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United States — Prediction market platform Kalshi closed a $1 billion funding round on Thursday, valuing the company at $11 billion, according to TechCrunch and industry reports. Returning investors Sequoia and CapitalG led the round, joined by Andreessen Horowitz, Paradigm, Anthos Capital and Neo. The financing follows a $300 million raise at a $5 billion valuation less than two months earlier. Industry data show Kalshi’s October monthly trading volume reached $4.4 billion and its mid‑October annualized volume approached $50 billion. Kalshi declined to comment. Competing platform Polymarket pursued separate financing talks this month. Based on 5 articles reviewed and supporting research.
United States — Prediction market platform Kalshi closed a $1 billion funding round on Thursday, valuing the company at $11 billion, according to TechCrunch and industry reports. Returning investors Sequoia and CapitalG led the round, joined by Andreessen Horowitz, Paradigm, Anthos Capital and Neo. The financing follows a $300 million raise at a $5 billion valuation less than two months earlier. Industry data show Kalshi’s October monthly trading volume reached $4.4 billion and its mid‑October annualized volume approached $50 billion. Kalshi declined to comment. Competing platform Polymarket pursued separate financing talks this month. Based on 5 articles reviewed and supporting research.
More context
Timeline
- 1. Kalshi founded roughly seven years ago as a U.S.-regulated prediction market platform.
- 2. October 2023: Kalshi announced a $300 million funding round at a $5 billion valuation.
- 3. Mid‑October 2023: industry reports placed Kalshi’s annualized trading volume near $50 billion.
- 4. October 2023: Kalshi recorded $4.4 billion in monthly trading volume, surpassing Polymarket that month.
- 5. 20–21 November 2023: TechCrunch and industry outlets reported Kalshi closed a $1 billion round at an $11 billion valuation.
Sources
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