Kalshi: A Profitable Prediction Market
Kalshi, a federally regulated prediction market platform, has announced a Series D funding round of over $300 million, co-led by Sequoia Capital and Andreessen Horowitz.
The funding round included investments from Paradigm, Coinbase Ventures, and others, resulting in a $5 billion valuation for the company.
Founded in 2020 by Yale graduates Tarek Mansour and Luana Lopes Lara, Kalshi has tripled its scale to $50 billion in annualized trading volume since the raise.
Kalshi has expanded to over 140 countries, introducing a unified global liquidity pool for trading on events such as elections, sports, and economic indicators.
- Series D funding round: over $300 million
- Valuation: $5 billion
- Annualized trading volume: $50 billion
- Countries of operation: over 140
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Author's summary: Kalshi expands globally with $5 billion valuation.