Prediction Market Platform Kalshi Hits $11B Valuation After Raising $1B, per TechCrunch

Kalshi has secured a massive $1 billion funding round, pushing the regulated prediction market operator to an $11 billion valuation, TechCrunch reported. The raise was led by Sequoia Capital and CapitalG, with continued support from Andreessen Horowitz, Paradigm, Anthos Capital and Neo—marking another major influx of capital into the fast-expanding event-trading sector.

The new valuation puts Kalshi just shy of the $12–$15 billion range that rival Polymarket is reportedly aiming for as the competition between the two platforms intensifies. The round also arrives only weeks after Kalshi closed $300 million at a $5 billion valuation, underscoring the rapid momentum behind the company and the broader interest in prediction markets.

Kalshi operates as a CFTC-regulated exchange offering event contracts tied to U.S. economic data, political outcomes and other measurable events. Its compliance-first model and fiat on-ramps have helped position it as the preferred venue for users seeking regulatory certainty and institutional-grade market structure.

Polymarket, built on decentralized blockchain rails, has taken a different path—gaining traction among crypto-native traders through transparent on-chain markets and flexible, permissionless design. The platform allows users to trade yes/no outcomes on elections, macro events and broader cultural trends.

Both firms have quickly become central players in a sector that blends financial trading with real-time information discovery. Kalshi is leaning into regulation to attract mainstream participation, while Polymarket continues to scale its decentralized model in the crypto ecosystem.

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