Kalshi Raises $1b At $11b Valuation After Best Volume Month 2025

Kalshi has doubled its valuation after its latest Series E funding round, which come as the prediction market posted record trading volumes last month.

Prediction market Kalshi has closed a $1 billion funding round at a valuation of $11 billion, after seeing its best-ever monthly volume in November.

Confirming an earlier report by TechCrunch, Kalshi said on Tuesday that its latest Series E round was led by the crypto-focused venture firm Paradigm, with participation from other crypto-engaged VCs Sequoia, Andreessen Horowitz and Cathie Wood’s ARK Invest.

“Kalshi is replacing debate, subjectivity, and talk with markets, accuracy, and truth,” said Kalshi CEO Tarek Mansour. “We have created a new way of consuming and engaging with information.”

Kalshi raised $1B at an $11B valuation.A decade ago, only a few thousand people knew what a prediction market was.Eighteen months ago, most prediction markets were banned - until we overcame the government to set them free.Over the past seven years, our community has opened… pic.twitter.com/hGDkYxkSlh

The latest raise more than doubles Kalshi’s $5 billion valuation it gained in a $300 million funding round in October, as the use of prediction markets, platforms allowing bets on everything from sports to geopolitical events, has soared.

Kalshi said it will use the latest funding to integrate more brokerages, form partnerships with news organizations, and expand its offerings.

Kalshi, alongside its closest rival, Polymarket, posted record monthly trading volumes in November as the platforms benefited from wider adoption through integrations with other products.

Trading volume on Kalshi reached $4.54 billion in November, surpassing its previous record of $4.49 billion in October, according to Token Terminal.

Kalshi said that its trading volumes have grown 1,000% since 2024 and are surpassing $1 billion a week.

Source: CoinTelegraph