Predictions market platform Kalshi has recently raised an additional $1 billion in funding from several venture capital firms, boosting its valuation to $11 billion. The latest investment round was led by Sequoia Capital and CapitalG, according to a report from TechCrunch which cited sources familiar with the deal. Andreessen Horowitz, Paradigm, Anthos Capital, and Neo were also among Kalshi’s investors in this recent funding round. 1 This follows a previous $300 million funding raise in October, driven by Kalshi’s expansion to over 140 countries. Kalshi now stands on par with rival prediction platform Polymarket, both platforms generating over $17.4 billion in trading volume since September, according to DeFiLlama data. The market leaders continue to see significant growth, highlighting the continued interest and innovation within the predictions market space.