Prediction platform Kalshi expands worldwide after $300 million raise
Prediction platform Kalshi announced on Friday that it has raised over $300 million at a $5 billion valuation as part of an ambitious international expansion into more than 140 countries.
According to The Block, the company’s Series D funding round attracted major investors, including Sequoia Capital, a16z, Paradigm, CapitalG, and Coinbase Ventures — highlighting Kalshi’s deep integration with the crypto industry.
Kalshi’s Head of Crypto, John Wan, previously stated that the platform plans to integrate into “all major crypto applications” within the next 12 months, expanding beyond existing distribution deals that already allow users to trade event contracts through Robinhood and Webull.
Fierce rivalry between two prediction platforms
The regulated prediction platform, founded in 2018 by Luana Lopes Lara and Tarek Mansour, now boasts an annual trading volume approaching $50 billion and recently overtook Polymarket, capturing over 60% of the global market last month.
Historically, Kalshi has pursued a compliance-first strategy in the U.S. market, while rival Polymarket is now seeking a return to the U.S. after receiving approval from the Commodity Futures Trading Commission (CFTC).
Notably, news of Kalshi’s latest funding came the same week that Polymarket announced a $2 billion investment from Intercontinental Exchange (ICE) — the parent company of NYSE — raising its valuation to $9 billion.
As we wrote, Prediction platform Kalshi expands crypto services with key leadership hire
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