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 Kalshi.
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 operates in over 140 countries, introducing a unified global liquidity pool for trading on events like elections, sports, and economic indicators.
Kalshi is positioning itself as the world’s largest prediction market by volume.
Author's summary: Kalshi raises $300 million in Series D funding.