Kalshi Raises $1 Billion at $11 Billion Valuation as Prediction Market Trading Explodes to $50 Billion
Summary
Prediction market platform Kalshi raises $1 billion at $11 billion valuation from Sequoia and CapitalG as trading volume explodes to $50 billion annually, representing 1000x growth while competing with Polymarket for election betting dominance.
Key Points
- Kalshi raises $1 billion at an $11 billion valuation led by Sequoia and CapitalG, doubling its value from $5 billion just two months ago
- The prediction market platform reaches $50 billion in annualized trading volume, marking over 1000x growth from last year's $300 million
- Kalshi competes directly with rival Polymarket, which reportedly seeks funding at $12-15 billion valuation after both platforms gained popularity from election betting