Kalshi Secures $300 Million, Expanding Its Global Footprint and Achieving $5 Billion Valuation Translation: Kalshi Secures $300 Million, Expanding Its Global Footprint and Achieving $5 Billion Valuation

The prediction platform Kalshi has raised $300 million in a Series D funding round led by Andreessen Horowitz and Sequoia Capital.

The company’s valuation now stands at $5 billion.

According to a press release, the venture firm Paradigm made a «significant contribution» to the investment round. Other participants included Coinbase Ventures, General Catalyst, Spark Capital, and CapitalG.

«This [funding] paves the way for Kalshi’s global expansion, opening the platform to traders outside the U.S. and creating a truly unified prediction market,» the statement said.

Kalshi noted that access to the platform has been opened up to users from over 140 countries. The funds raised have enabled the creation of a unified liquidity pool that connects «traders worldwide.»

The company’s future plans include developing new types of prediction markets, integrating with a larger number of institutional entities, and scaling up its infrastructure.

In September, Kalshi displaced its main competitor, Polymarket, from its position as market leader. The platform’s share of the global trading volume in the prediction market has surpassed 60%.

According to the dashboard on Dune, Kalshi is increasing its dominance. In the past week, trading volume exceeded $956 million, more than double that of Polymarket.

Kalshi operates in the U.S. as a regulated platform under the Commodity Futures Trading Commission (CFTC).

Polymarket is only preparing to return to the country after several years of operating exclusively outside. In July, the company acquired a regulated derivatives exchange, QCEX, for $112 million.

In the same month, Polymarket’s founder and CEO, Shane Koplan, confirmed that the U.S. Department of Justice had concluded its investigation into the platform. The CFTC also withdrew its previous claims.

Experts believe that Kalshi’s success is largely attributed to betting on sports events. This sector has become one of the fastest-growing in the United States, particularly after the Supreme Court overturned a federal ban on such practices in 2018.

In May, Kalshi reached a settlement with the CFTC. The conflict arose in 2024 when the regulator challenged the launch of prediction markets related to the November elections. As a result, both parties dropped their claims and agreed to cover their respective legal expenses.

It’s reported that Polymarket is considering additional funding that could raise its valuation to $9 billion.