Kalshi’s valuation marked up to $11B after $1B funding round

Kalshi, a prediction market platform, has raised an additional $1 billion from notable venture capital firms, including Sequoia Capital and CapitalG, increasing its valuation to $11 billion. This funding round marks Kalshi's entry into the elite group of startups valued over $10 billion, joining rivals like Polymarket. The recent raise follows a previous funding round in October, wherein Kalshi expanded its operations to 140 countries. Other investors such as Andreessen Horowitz, Paradigm, and Anthos Capital participated in earlier rounds but did not join this latest round. Kalshi and Polymarket have seen significant trading volumes recently, with Polymarket having reentered US markets. The growing interest in prediction markets reflects their appeal as platforms for betting on real-world events, leveraging user-generated forecasts to inform decisions across various sectors.

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