Kalshi Reaches $11 Billion Valuation Following Major Funding Round

Prediction market platform Kalshi has experienced a surge in value, exceeding a valuation of $11 billion following a significant funding round led by Sequoia Capital and Google’s growth investment arm, CapitalG. This impressive raise puts the company on par with Polymarket, another prominent player in the prediction market space. Kalshi’s focus on real-world event predictions, such as political outcomes and inflation forecasts, has allowed it to grow from a niche financial product into a major player within the industry. 1 billion dollar investment signals growing trust and legitimacy for prediction markets among institutions.