Kalshi Raises $1 Billion at $11 Billion Valuation

•11mo ago

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.

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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.

Published 2025-11-21 07:10:13 UTC · Published by JQJO

Published by JQJO Editorial Desk · AI assisted

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

JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.

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