CATENAA, Tuesday, November 25, 2025-Kalshi, a US-regulated prediction market platform, raised $1 billion in a funding round Thursday, lifting its valuation to $11 billion.
Sequoia and CapitalG led the round, joined by Andreessen Horowitz, Paradigm, Anthos Capital, and Neo. The round follows a $300 million raise last month that valued the company at $5 billion.
Kalshi has surpassed rival Polymarket in monthly trading volume since September, recording $4.4 billion in October compared with Polymarket’s $3.02 billion.
Polymarket is reportedly seeking a new funding round at a $12 billion to $15 billion valuation, with NYSE parent Intercontinental Exchange offering up to $2 billion.
Prediction markets have gained traction in 2025 across sports, politics, business, and culture. Google Finance announced plans this month to integrate both Kalshi and Polymarket into its search results.
Kalshi aims to expand its platform to all major cryptocurrency applications and exchanges within a year, increasing accessibility and user participation.
Investors view the $1 billion round as a sign of confidence in decentralized prediction markets. Kalshi declined to comment on the funding.
The company’s rapid growth indicates the sector could evolve into a broader information hub, providing real-time insights and data for retail and institutional participants.
Kalshi’s latest financing positions it as a leading player in the prediction market sector while accelerating adoption and integration across digital finance platforms.
