Kalshi Hits Unicorn Status With Polymarket After Blockbuster Funding Round

Move over, traditional markets—Kalshi just joined the crypto prediction elite.

The event-trading platform secured unicorn valuation in its latest funding round, mirroring rival Polymarket’s rise. No terms disclosed (because why would Wall Street share those details?).

Prediction markets are eating finance’s lunch—one speculative bet at a time.

Kalshi now hosts more active markets than Polymarket, but remains behind in open interest, a key metric that reflects liquidity and trader conviction in prediction markets.

A Dune dashboard shows that Polymarket has around 186,000 active traders.

Paradigm led Kalshi's latest round. The crypto-focused VC recently led the Series A round for GTE, a decentralized exchange (DEX) that looks to rival Hyperliquid in speed.

In January, Donald TRUMP Jr. announced he was joining Kalshi as a senior advisor.