Kalshi Doubles Valuation to $11 Billion as Prediction Markets Surge
Prediction market platform Kalshi has secured $1 billion in a Series E funding round led by Paradigm, catapulting its valuation to $11 billion. The round saw participation from heavyweight investors including Sequoia, Andreessen Horowitz, and ARK Invest. This marks a dramatic doubling of Kalshi's valuation from $5 billion just two months prior.
Trading volumes on the platform have skyrocketed, hitting $4.54 billion in November and consistently exceeding $1 billion weekly. The growth represents a 1,000% surge since early 2024, outpacing competitors like Polymarket. CEO Tarek Mansour emphasizes the platform's role in replacing speculation with market-driven accuracy.
Strategic partnerships are accelerating mainstream adoption, notably CNN's integration of Kalshi's real-time prediction data into its news coverage. The fresh capital will fuel further brokerage integrations and expansion of the platform's ecosystem.
