Friday, 21 November, 2025
Prediction Market Kalshi Hits $11 Billion Valuation in $1 Billion Raise
Prediction market platform Kalshi has secured a massive $1 billion funding round, rapidly driving its valuation to $11 billion. Led by returning investors Sequoia Capital and CapitalG, this investment follows a $300 million raise just a month prior. The capital influx underscores escalating investor confidence in the event contracts market, intensifying Kalshi's rivalry with its closest competitor, Polymarket.
Read full story at TechCrunch