Kalshi raises $1B at $11B valuation after best volume month
Kalshi has doubled its valuation after its latest Series E funding round, which come as the prediction market posted record trading volumes last month.
Prediction market Kalshi has closed a $1 billion funding round at a valuation of $11 billion, after seeing its best-ever monthly volume in November.
Confirming an earlier report by TechCrunch, Kalshi said on Tuesday that its latest Series E round was led by the crypto-focused venture firm Paradigm, with participation from other crypto-engaged VCs Sequoia, Andreessen Horowitz and Cathie Wood’s ARK Invest.
“Kalshi is replacing debate, subjectivity, and talk with markets, accuracy, and truth,” said Kalshi CEO Tarek Mansour. “We have created a new way of consuming and engaging with information.”