Kalshi Raises $1B at $11B Valuation as Prediction Market Race Continues: TechCrunch

Kalshi, a regulated prediction market platform, has closed a $1 billion funding round that values the company at $11 billion, according to TechCrunch. The round was led by returning investors Sequoia Capital and CapitalG, with participation from Andreessen Horowitz, Paradigm, Anthos Capital, and Neo. The new valuation brings Kalshi closer to the $12 billion to $15 billion valuation target reportedly sought by its crypto-native rival Polymarket. The milestone also comes just a month after Kalshi announced ...