Kalshi Raises $1B at $11B Valuation as Prediction Market Competition Grows
Kalshi a prediction market startup has raised an additional $1 billion increasing its worth to $11 billion. This is more than quadruple...
Quick overview
- Kalshi has raised an additional $1 billion, increasing its valuation to $11 billion, a significant rise from its $5 billion valuation in October.
- The prediction market sector is rapidly expanding, with Kalshi reporting a record trading volume of $4.54 billion in November.
- Major partnerships, including with Google and Coinbase, are enhancing Kalshi's visibility and user adoption.
- Investors believe prediction markets could transform how consumers access and interpret information, moving from opinion-based to data-driven insights.
Kalshi a prediction market startup has raised an additional $1 billion increasing its worth to $11 billion. This is more than quadruple its worth from October when it obtained $300 million at a $5 billion valuation. The latest funding round was headed by Paradigm with support from notable venture capital firms such as Sequoia, Andreessen Horowitz, CapitalG and ARK Invest.
Kalshi’s rapid rise show how swiftly the prediction market sector is expanding. Prediction markets allow people to trade on future events, such as elections, sports results or economic decisions. For example a user might buy a “Yes” contract expecting that U.S. inflation will fall below 3%, or a “No” contract indicating that it will not.
If they are correct, they get money based on the contract price.
💰 Funding:
Big moments for Kalshi – raising $1B at an $11B valuation, backed by top investors including a16z, Anthos, CapitalG, Paradigm, Neo, and Sequoia.
Alongside the raise, the team introduced trading on Solana and Sei Network. pic.twitter.com/Wo1dUIdJ8s
— CertiK Skynet (@CertiKCommunity) December 3, 2025
Record Volumes Show Rising Interest
Kalshi said that November was its greatest month ever with $4.54 billion in trading volume, slightly over the $4.49 billion it recorded in October. According to Token Terminal Kalshi’s trade volumes have surged 1,000% since 2024 now surpassing $1 billion each week.
To prove how huge this growth is consider a little shop selling 100 goods a week. All of a sudden within a year it begins to sell 1,000 products every week. That is comparable to what happened with Kalshi’s trading activity.
With $3.76 billion in volume for November, Polymarket, Kalshi’s main competitor also reported impressive performance.
Thanks to new interfaces with major IT and finance organizations both platforms have seen increased adoption.
Big Partnerships Boost Usage
Google recently declared that it would display Kalshi and Polymarket prediction probabilities directly in Google Finance, increasing the data’s visibility for millions of users. For example if someone searches “Who will win the 2026 election?” Odds from Kalshi may appear on Google. Prediction markets feel more like standard financial instruments as a result.
Separately Coinbase one of the largest crypto exchanges is apparently constructing its own prediction market platform utilizing Kalshi’s technology. This might introduce Kalshi to Coinbase’s millions of clients.
Why Investors Are Excited
Prediction markets according to investors have the potential to play a significant role in how consumers comprehend information.
According to Tarek Mansour, CEO of Kalshi the website enables users to view facts rather than opinions. “We are replacing debate with markets, accuracy and truth,” he declared.
For instance a customer can check Kalshi to see if traders give it a 70% probability rather than watching two TV analysts debate if interest rates would decline. Investors hope this strategy will revolutionize how consumers absorb news and make judgments.
More Expansion Ahead Kalshi claims it will utilize the fresh funding to:
- Integrate with more brokerages
- Collaborate with news outlets
- Expand its list of contracts
- Grow internationally
Furthermore Polymarket is also preparing for another investment round that may value it at $12–15 billion, showing how competitive the field is growing.
Both platforms are fighting for the top spot in the worldwide prediction market and it appears that the competition is only getting started based on recent investments.
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