Prediction Market Kalshi Hits $2B Valuation with $185M Series C Led by Paradigm

Kalshi, a predictions market startup, has secured $185 million in a Series C funding round at a $2 billion valuation, achieving unicorn status. The round was spearheaded by Paradigm, a venture capital firm with a strong focus on cryptocurrency investments, and saw participation from Sequoia, Multicoin, and other prominent digital asset firms.

The capital injection will fuel Kalshi's expansion into crypto markets, including bolstering its technology team and enhancing broker integrations. CEO Tarek Mansour emphasized the company's ambition as a key driver for talent attraction, beyond the financial milestone.

This funding underscores growing institutional interest in prediction markets and their convergence with crypto ecosystems. Paradigm's leadership in the round signals confidence in Kalshi's potential to bridge traditional and decentralized finance.