Kalshi Secures $1 Billion in Latest Funding Round, Valuation Rises to $11 Billion

Third capital raise of the year highlights intensifying competition in the fast‑growing prediction‑market space

Kalshi, the regulated prediction‑market platform headquartered in New York, announced today that it has closed a $1 billion financing round. The new capital brings the company’s post‑money valuation to approximately $11 billion, marking a significant milestone for the startup.

The round was led by a consortium of top‑tier investors, including Sequoia Capital, Andreessen Horowitz, and the sovereign‑wealth fund GIC. Existing backers such as Lightspeed Venture Partners and Ribbit Capital also participated, reinforcing confidence in Kalshi’s growth trajectory.

“This investment validates the market’s appetite for a transparent, regulated venue where individuals can trade on real‑world events,” said Emily Shen, CEO of Kalshi, during the announcement. “The additional capital will accelerate product development, expand our user base, and deepen our compliance infrastructure as we prepare for new regulatory horizons.”

Kalshi’s platform allows users to buy and sell contracts that settle based on the outcome of events ranging from economic indicators to political elections. By operating under a federal commodities‑trading framework, the company differentiates itself from unregulated crypto‑based prediction markets, positioning itself as a trustworthy alternative for both retail and institutional participants.

The fresh funding will be allocated to three primary areas:

• Product Innovation: Launching new contract categories, enhancing mobile experiences, and integrating advanced data‑analytics tools.
• Regulatory Expansion: Securing additional licenses in key jurisdictions and strengthening compliance teams.
• Market Outreach: Scaling marketing efforts, forging partnerships with media outlets, and expanding the educational resources for new traders.

Kalshi’s rapid fundraising pace—its third round in 2024 alone—reflects the broader surge of interest in prediction‑market platforms. Competitors such as PolyMarket, Manifold Markets, and the crypto‑centric Augur are also racing to capture market share, prompting a wave of innovation and regulatory scrutiny across the sector.

Analysts at Goldman Sachs note that the $1 billion infusion underscores the confidence investors have in the long‑term viability of regulated prediction markets, especially as traditional finance firms explore alternative risk‑management tools.

With the new capital in hand, Kalshi aims to solidify its position as the leading regulated marketplace for event‑driven trading, while navigating the evolving regulatory landscape and meeting the growing demand for transparent, data‑driven speculation.