Kalshi’s Valuation Doubles to $11 Billion on $1 Billion Raise
Kalshi’s Valuation Doubles to $11 Billion on $1 Billion Raise
Kalshi raised $1 billion in a funding round that sets its valuation at $11 billion. This marks a jump from $5 billion just two months earlier, after a $300 million round.
Funding Round Breakdown
The latest deal, a Series E, was led by Paradigm. Sequoia Capital, CapitalG (Alphabet’s growth arm), Andreessen Horowitz, Meritech Capital, IVP, ARK Invest, Anthos Capital, and Y Combinator also took part, per Reuters via TradingView, CryptoBriefing (NYT), New York Times, Reuters, and BusinessWire.
Kalshi plans to use the money for consumer growth, new brokerages, media deals, and more products. Trading volumes hit over $1 billion weekly, up more than 1,000% from 2024, the company told Reuters.
Growth and Competition
In Q3, Kalshi traded $4.47 billion in volume, ahead of rival Polymarket’s $3.5 billion, per TokenTerminal data cited by CoinDesk. Polymarket is talking funding that could value it at $12 billion to $15 billion.
- Kalshi founded 2018, first US-regulated prediction market for events like elections and laws.
- October 2025: $300 million at $5 billion valuation.
- December 2025: $1 billion at $11 billion valuation.
CEO Tarek Mansour said markets from Kalshi replace debate with facts (CoinDesk).
Sebastyen
Sebastyen Wolf is our Editor-in-Chief. He is an analyst and entrepreneur with experience working alongside early-stage founders, launching online ventures, and studying the data patterns that shape successful companies. A fan of Shark Tank since Season 1, he now focuses on translating the show’s most valuable insights into clear, practical takeaways for readers.
