Kalshi secures $1B in fresh funding at a valuation of $11B
The post Kalshi secures $1B in fresh funding at a valuation of $11B appeared on BitcoinEthereumNews.com.
Kalshi has raised another $1 billion, lifting the prediction-market platform to an $11 billion valuation. Summary Kalshi raised $1 billion, lifting its valuation to $11 billion. The company is growing fast with new data, custody, and product partnerships. It faces fresh state-level legal pressure even after winning federal approval. The raise comes less than two months after the startup secured $300 million at a $5 billion valuation, marking one of the fastest valuation jumps in the sector this year. Details of the latest finding round were shared on a Nov. 20 TechCrunch report, citing a person familiar with the deal. A rapid-fire funding streak The new round is led by returning backers Sequoia and CapitalG, the same investors who anchored Kalshi’s previous raise. Other long-time supporters include Andreessen Horowitz, Paradigm, Anthos Capital, and Neo. None of the firms commented on the new raise. The timing places Kalshi in the middle of a growing rivalry with Polymarket, which has reportedly been exploring a new raise at a valuation between $12 billion and $15 billion, only weeks after securing $1 billion at an $8 billion pre-money valuation. Both platforms have seen a rapid rise in activity this year, helped by markets tied to political outcomes, especially the U.S. presidential election. Their public visibility increased even more after correctly predicting the result of New York City’s recent mayoral race. A fast-growing market with legal hurdles Kalshi now serves users in more than 140 countries, offering markets on everything from Time’s 2025 Person of the Year to film ratings and long-term political outcomes. In October, the company reached $50 billion in annualized trading volume, a huge jump from the roughly $300 million handled last year. Kalshi won a major case against the Commodity Futures Trading Commission last year, allowing Americans to trade on its…
Filed under: News - @ November 21, 2025 3:24 am