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.
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, confirming an earlier TechCrunch report.
“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.”
