Prediction Market Kalshi Secures $1B at $11B Valuation in Sequoia-Led Round
Kalshi's billion-dollar funding round marks another milestone for prediction markets, now rivaling traditional financial instruments in investor appeal. The Sequoia and CapitalG-led deal reflects institutional confidence in speculative platforms as regulatory landscapes evolve.
The valuation leap—from $5B to $11B in weeks—signals frenzied demand for exposure to event-driven markets. Competitor Polymarket's parallel ascent suggests a sector reaching critical mass, with crypto-native investors like Paradigm and a16z doubling down.