Following a massive $1 billion funding round, Kalshi, a U.S.-based regulated prediction market platform, has achieved a significant leap in its valuation, with the company’s overall valuation now reaching $11 billion. This round of financing was jointly led by existing major investors—Sequoia Capital and CapitalG—while also attracting participation from several well-known investment institutions, including Andreessen Horowitz, Paradigm, Anthos Capital, and Neo, further demonstrating the capital market’s confidence in Kalshi’s business model and future prospects.
Notably, this substantial increase in valuation brings Kalshi closer to the valuation target range of $12 billion to $15 billion set by its main competitor, Polymarket, in the increasingly competitive prediction market sector. This development not only reflects Kalshi’s substantial progress in business expansion, market influence, and compliance operations but also highlights the immense potential and investment appeal of prediction markets as an emerging field.
Even more remarkably, just one month before this financing round was completed, Kalshi had announced the completion of a $300 million funding round, at which time the company was valued at $5 billion. The consecutive completion of large-scale financing rounds in such a short period, along with a more than doubling of valuation, fully illustrates investors’ sustained and growing interest in the emerging field of prediction markets. By allowing participants to predict and trade on the outcomes of future events, prediction markets integrate multiple attributes such as finance, data, and social interaction, attracting increasing attention from institutional and individual users worldwide.
As a regulated prediction market platform in the United States, Kalshi’s compliance background has established significant barriers for it in policy-sensitive markets, while also providing investors with relatively stable long-term development expectations. With the injection of more capital, Kalshi is expected to further expand its product matrix, enhance its technical capabilities, and grow its user base, thereby securing a more advantageous position in the increasingly intense industry competition.
Overall, Kalshi’s latest financing round is not only a successful capital operation but also an important milestone in the prediction market industry’s move toward mainstream adoption. Against the backdrop of increasing macroeconomic uncertainty, prediction platforms that offer risk hedging and information discovery functions are being regarded by more and more investors as an asset class with high growth potential. In the future, as regulatory environments gradually clarify and technical infrastructure continues to improve, prediction market platforms represented by Kalshi are expected to play an even more important role in the global financial market.
