Kalshi Secures $300M Funding at $5B Valuation Amid Institutional and Crypto Trader Interest

Kalshi, a CFTC-regulated prediction market platform, has raised $300 million in fresh funding, reaching a $5 billion valuation. The New York Times reported the investment reflects growing demand for event-based trading among both institutional investors and crypto-native participants.

Founded in 2018 by Tarek Mansour and Luana Lopes Lara, Kalshi operates as a designated contract market under CFTC oversight—a key differentiator from unregulated decentralized platforms. The funding round attracted traditional Wall Street funds alongside crypto-focused investors, highlighting the convergence of Web3 derivatives and mainstream finance.

The platform's expansion comes as traders increasingly seek instruments tied to macroeconomic data and political events. Kalshi's regulatory compliance positions it favorably amid heightened scrutiny of unlicensed prediction markets.