Kalshi Secures $185M Series C at $2B Valuation Led by Paradigm

Kalshi, the event-based trading platform, has raised $185 million in a Series C funding round, valuing the company at $2 billion. The investment was spearheaded by Paradigm, with notable participation from Sequoia Capital, Multicoin Capital, and others. CEO Tarek Mansour confirmed the capital will fuel technological expansion and broader brokerage integrations.

The platform's contracts are currently accessible on Robinhood and Webull, with plans to extend to additional retail platforms. Kalshi reports a 100x surge in trading volume, a 10x user growth, and a 5x increase in active markets over the past year, alongside regulatory milestones including a landmark court ruling enabling election-based trading.

Founded in 2018 by Mansour and Luana Lopes Lara, Kalshi has now raised a total of $156 million prior to this round, including a $30 million Series A in 2021.