Kalshi is rapidly becoming one of the biggest names in global prediction markets after reportedly closing a massive $1 billion funding round. The raise, which values the platform at $11 billion, was led by returning giants Sequoia Capital and CapitalG, according to TechCrunch. Kalshi has not yet commented publicly on the round, but the numbers signal a major shift in how fast the prediction market industry is scaling.
The investment marks a stunning leap from the company’s previous $5 billion valuation recorded just months ago in October, when Kalshi pulled in $300 million from investors such as Sequoia, Andreessen Horowitz, Paradigm, CapitalG, and Coinbase Ventures. Before that, in June, it secured $185 million at a $2 billion valuation. If the latest figures hold, Kalshi will have attracted nearly $1.5 billion in under half a year—an almost unheard-of run for a regulated prediction platform.
A Regulated Platform With Explosive Growth
Kalshi stands out for being a U.S.-based prediction market fully regulated by the Commodity Futures Trading Commission (CFTC), giving it a level of legitimacy that many competitors operate without. Users from more than 140 countries can trade on outcomes tied to real-world events—everything from political races to sports matchups, movie ratings, and even cultural milestones like Time Magazine’s Person of the Year.
And the demand is skyrocketing.
The platform’s annual transaction volume hit an eye-popping $50 billion in October. That’s a jump from just $300 million a year earlier—a growth rate of more than 100x. Numbers like these are drawing serious investor interest as prediction markets inch closer to mainstream financial infrastructure.
Rising Competition in a Booming Sector
Kalshi’s meteoric rise puts it neck-and-neck with Polymarket, another prediction market heavyweight valued at $8 billion. The broader sector is heating up fast, with new startups emerging to capture a piece of the action. One newcomer, Clearing Co., recently raised a $15 million seed round as it prepares to compete in the same space.
As consumer interest grows and regulators become more comfortable with event-based trading, platforms like Kalshi appear positioned at the center of a rapidly expanding industry. With fresh capital at its back and trading volumes accelerating, Kalshi is signaling that the race to dominate global prediction markets has only just begun.
Also Read: Bitcoin Rebounds Above $90K as Market Shows Signs of Stabilizing
