The Kalshi platform has secured $1 billion in investment at a valuation of $11 billion, significantly increasing its market value in a short period of time.
This is reported by Finway
New Investment Round and Key Investors
Kalshi, a well-known platform for crypto asset betting, has successfully closed another funding round, raising $1 billion. According to reports, the company achieved this amount at a valuation of $11 billion, nearly doubling its previous valuation. Leading investors included Sequoia and CapitalG, which had previously invested in Kalshi. Other investors included Andreessen Horowitz, Paradigm, Anthos Capital, and Neo.
It is worth noting that the current investment round took place less than two months after the previous one, when Kalshi raised $300 million at a valuation of $5 billion. Thus, the company has demonstrated a rapid increase in investor interest and its own capitalization.
The Kalshi platform closed an investment round of $1 billion at a valuation of $11 billion.
Market Competition and Legal Challenges
Kalshi’s main competitor, the Polymarket platform, is also actively negotiating to secure new funding. In October, it was reported that Polymarket is considering a new investment round with a valuation ranging from $12 billion to $15 billion, confirming strong interest in this market segment.
In addition to financial results, Kalshi is currently addressing legal issues. The company has filed a lawsuit against the New York State Gaming Commission regarding the existing ban on sports betting, which poses additional challenges for its business development in the American market.