The prediction platform Kalshi has successfully completed a Series D funding round, raising over $300 million and achieving a valuation of $5 billion.
This is reported by Finway
Strong Investor Support and Global Ambitions
The new funding round saw participation from leading venture capital players, including Sequoia Capital, Andreessen Horowitz, Paradigm, CapitalG, and Coinbase Ventures. Following this, Kalshi plans to enter the global prediction market, offering its services to users in over 140 countries and competing with Polymarket, which has also secured significant funding this year.
The investment received is a record for the company and has significantly strengthened its position in the rapidly growing prediction trading segment. The importance of this step is underscored by the fact that the Intercontinental Exchange, which owns the New York Stock Exchange, invested $2 billion in Kalshi’s competitor — the Polymarket platform.
Focus on Expansion, Innovation, and Regulatory Compliance
According to Kalshi, the annual trading volume on the platform is approaching $50 billion, and its share of the global market exceeded 60% in September, allowing it to surpass Polymarket for the first time in this metric. Experts attribute this growth to the popularity of contracts on sporting events and parlay bets, which have become a key driver for attracting new users.
“The new investment will allow us to scale our infrastructure and integrate with leading services in the digital asset space. We plan to launch on all major apps within the year, expanding distribution beyond our current partnerships with Robinhood and Webull,” said John Van, head of the crypto division at Kalshi.
The company continues to focus on regulatory compliance during its international expansion. Previously, regulatory restrictions hindered Kalshi’s development outside the U.S., but in May 2025, the CFTC dropped its lawsuit against the company regarding election-related contracts. Meanwhile, several U.S. states are involved in legal proceedings related to sports predictions, which authorities view as a potential violation of gambling regulations.
Kalshi’s valuation after the latest funding round makes it one of the most valuable platforms in the event prediction space. For comparison, during the previous Series C round, the company raised $185 million at a valuation of $2 billion, indicating a rapid increase in interest in this market.
It is worth noting that earlier, the artificial intelligence company xAI announced a partnership with Kalshi in the area of trading bets, further highlighting the platform’s innovative potential.