Prediction Market Kalshi Sees Surging Investor Interest Amid Rapid Valuation Growth

Kalshi, the New York-based prediction market platform, is attracting fresh investor attention with potential deals that could value the company above $10 billion. This surge comes just weeks after a $300 million funding round co-led by Andreessen Horowitz and Sequoia Capital, which pegged its valuation at $5 billion. Venture firms are now discussing investments at valuations as high as $12 billion, signaling intense demand for the startup.

The company’s momentum follows a pivotal court victory last October, which granted it regulatory clearance to list presidential election contracts. Trading volumes have since skyrocketed, with CEO Tarek Mansour announcing $50 billion in annualized volume. Kalshi has Leveraged its federal license to expand into sports markets, further fueling growth.

Earlier funding rounds included a $185 million raise led by crypto investor Paradigm at a $2 billion valuation. The platform allows users to trade on outcomes ranging from political events to sports results, capitalizing on shifting regulatory attitudes toward prediction markets.