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Kalshi Hits $5 Billion Valuation Amid Prediction Market Boom
Kalshi Hits $5 Billion Valuation Amid Prediction Market Boom
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BTCCSquare news:
Kalshi, the New York-based prediction market platform, has secured $300 million in fresh funding at a $5 billion valuation, doubling its worth since June. The round was led by Sequoia Capital, Andreessen Horowitz, and Paradigm, among others.
The platform now dominates global prediction markets with over 60% share and $50 billion in annualized trading volume, surpassing rivals like Polymarket. Its expansion into 140 countries positions it as a global leader as interest in real-world outcome betting surges.
This funding round marks Kalshi's fastest valuation leap since its 2018 launch, reflecting growing institutional confidence in speculative asset markets. The capital will fuel international growth and platform development.
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