Kalshi Valuation Soars to $11 Billion as Prediction Market Competition Intensifies
Prediction market platform Kalshi has secured $1 billion in a funding round led by Sequoia Capital and CapitalG, catapulting its valuation to $11 billion. The investment marks a dramatic surge from its $5 billion valuation just one month prior, underscoring frenzied interest in speculative trading platforms.
Kalshi now rivals decentralized competitor Polymarket, which is pursuing a $12-15 billion valuation. Together, the two platforms have processed $17.4 billion in trading volume since September—a testament to growing mainstream appetite for event-based wagering markets.
The CFTC-regulated exchange reports $50 billion in annualized trading volume, attracting heavyweight backers including Andreessen Horowitz and Paradigm. This funding round signals institutional confidence in prediction markets as a new asset class, though regulatory scrutiny looms over the sector's explosive growth.
