Crypto Prediction Market Kalshi Secures $11 Billion Valuation in Latest Funding Round

Kalshi, a leading prediction market platform, has closed a massive Series E funding round that values the company at $11 billion. The $1 billion dollar investment was spearheaded by Paradigm and included major players such as Sequoia Capital, Andreessen Horowitz, Meritech Capital, IVP, ARK Invest, Anthos Capital, CapitalG, and Y Combinator. This latest capital raise underscores the rapid rise of prediction markets as a mainstream financial tool in the United States and around the world.

Founded in 2018, Kalshi has transformed the way individuals engage with future events by turning speculation into structured trading opportunities. Users can now wager on outcomes ranging from political races to economic indicators and cultural moments across thousands of active markets. The platform has effectively shifted public discourse from opinion-based arguments to data-driven probabilities, earning praise for delivering faster and often more accurate forecasts than traditional polling or media outlets.

Explosive Growth Drives Massive User Adoption

Trading activity on Kalshi has surged dramatically, with weekly volumes now exceeding $1 billion, representing a more than tenfold increase compared to levels seen throughout 2024. Millions of Americans log in each week to participate in over three thousand five hundred live markets, making the app a daily habit for everyone from casual users to professional traders. The platform demonstrated its predictive power during the recent New York City mayoral race by declaring the winner just eight minutes after polls closed, well ahead of major news networks. Other platforms such as Polymarket have also seen rising engagement too, highlighting the broader momentum behind event-based trading.

Tarek Mansour, co-founder and CEO of Kalshi, emphasized that the service has redefined how people process uncertainty in real time. He noted that forming an opinion about upcoming events increasingly involves checking Kalshi odds first, as the markets aggregate collective wisdom more efficiently than debates or surveys. Reporters, elected officials, financial analysts, and everyday citizens now rely on the platform as a primary reference point for gauging probable outcomes across politics, entertainment, sports, and finance.

The fresh capital will fuel several strategic initiatives aimed at bringing prediction markets to tens of millions more households nationwide. Kalshi plans to deepen integrations with existing brokerage accounts, forge new content partnerships with media organizations, and expand the range of tradable events available to users. Company leaders believe these moves will solidify the platform’s position as the go-to destination for anyone seeking clarity on what happens next.

Matt Huang, co-founder and managing partner at Paradigm, highlighted the parallels between the current excitement around prediction markets and the early days of cryptocurrency adoption. He pointed out that users initially join for a single high-profile market but quickly discover the depth and variety that keep them engaged long term. Investors see no upper limit to how large this sector can grow as more people recognize the value of turning information into actionable trades.