Kalshi Secures $300 Million to Broaden Global Prediction Markets
Kalshi, a competitor in the prediction marketplace sector, has successfully raised $300 million to expand its services internationally.
Kalshi, a U.S.-based prediction marketplace, has recently completed a significant funding round, raising over $300 million to enhance its services internationally, making its platform accessible in over 140 countries. This Series D funding round, driven by Sequoia Capital and Andreessen Horowitz (a16z), is a leap from its previous $185 million funding in June.
Valuation Surge
The fresh capital elevates Kalshi’s valuation to an impressive $5 billion, a $3 billion increase since June. Other notable investments included CapitalG and Coinbase Ventures, solidifying Kalshi as a leader in the prediction market domain.
Expansion Consequences
Despite this positive progression, Kalshi’s platform will remain unavailable in 38 specified jurisdictions including Canada, France, and the UK, which underscores regulatory challenges. According to Alex Immerman from a16z, both Tarek and Luana have chosen a robust path, focusing on becoming the first CFTC-regulated prediction market.
As the demand for prediction markets grows, Kalshi is well-positioned to capture new opportunities in the industry.
