Kalshi raises $1B at $11B valuation, doubling value in under two months
PositiveArtificial Intelligence
- Kalshi has successfully raised $1 billion in funding, achieving an impressive valuation of $11 billion, just two months after a previous $300 million round valued the company at $5 billion. This funding round was led by prominent investors Sequoia and CapitalG, reflecting strong market confidence in Kalshi's growth potential.
- This significant capital influx positions Kalshi to expand its prediction market platform, enhancing its competitive edge in the rapidly evolving financial technology landscape. The funding is expected to support further development and increase market share.
- The rapid increase in valuation and funding underscores a growing investor interest in prediction markets, which have seen a surge in trading volume and projected revenues. Kalshi's recent performance highlights a broader trend in the fintech sector, where innovative platforms are attracting substantial investments as they demonstrate scalability and profitability.
— via World Pulse Now AI Editorial System
