What is Kalshi's latest valuation?

Kalshi is currently valued at $11 billion following its latest funding round.

Who led Kalshi's $1 billion funding round?

The $1 billion funding round was led by Paradigm, with participation from other major investors.

What is Kalshi planning for future growth?

Kalshi plans to grow through partnerships and by enabling businesses to hedge against specific risks.

Home / Business and Economy / Kalshi Scores $1B Funding at $11B Valuation

Kalshi Scores $1B Funding at $11B Valuation

3 Dec

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Summary

Kalshi secured $1 billion in funding at an $11 billion valuation.
The latest funding round was led by Paradigm, with major investor participation.
Kalshi anticipates future growth from business risk hedging and partnerships.

Kalshi Scores $1B Funding at $11B Valuation

Prediction market platform Kalshi announced a significant funding achievement, raising $1 billion at an $11 billion valuation. This latest investment, led by returning investor Paradigm and supported by firms like Sequoia Capital and Andreessen Horowitz, underscores the company's rapid ascent.

While Kalshi gained popularity for its role in predicting political outcomes, a substantial portion of its trading volume is reportedly linked to sports betting. The company is also reportedly exploring a partnership with CNN, signaling ambitions for broader reach.

Future expansion strategies include leveraging Kalshi for businesses to hedge against risks such as government shutdowns or adverse weather. This positions Kalshi beyond event prediction, into a more diversified risk management tool.

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