Kalshi valued at $11 billion in new round, double from two months ago By Investing.com

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.