📝 Kalshi raises $300M

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Kalshi, the fast-growing prediction market platform that lets users bet on future events, has raised over $300 million at a $5 billion valuation, more than doubling its value in just three months. The round was co-led by Sequoia Capital and Andreessen Horowitz, with participation from Paradigm Ventures, CapitalG, and Coinbase Ventures, fueling Kalshi’s expansion to 140 countries as it eyes $50 billion in annualized trading volume—up from just $300 million last year. The raise comes amid a prediction market boom, with rival Polymarket recently valued at $8 billion following ICE’s investment, signalling a new era of mainstream legitimacy for event-based trading. Kalshi, which won the right to operate in the U.S. after suing the CFTC, now stands at the forefront of a rapidly globalizing and increasingly regulated market where speculation meets financial innovation.

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