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, with investments from Paradigm, Coinbase Ventures, and others.
This funding round has given Kalshi a valuation of $5 billion. The company, founded in 2020 by Yale graduates Tarek Mansour and Luana Lopes Lara, has tripled its scale to $50 billion in annualized trading volume since the raise.
- Expanded to over 140 countries
- Introduced a unified global liquidity pool for trading on events like elections, sports, and economic indicators
- Positioned as the world’s largest prediction market by volume
Kalshi's growth and valuation make it a significant player in the futures finance instruments market.
No direct quotes available in the text.
Author's summary: Kalshi raises $300 million in Series D funding, valued at $5 billion.
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