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According to TechCrunch reporting that cited an individual close to the deal, Kalshi has raised yet another massive prediction market fundraising round, this time securing $1B at a $11B valuation.
What's the Scoop?
- New Round: Kalshi has raised $1B at a $11B valuation. This latest round is being led by Sequoia and CapitalG, and more than doubles the valuation ascribed to Kalshi six weeks ago, when the prediction market startup announced it had raised $300M at a $5B valuation.
- Continual Competition: Less than one month ago, Bloomberg reported that Kalshi's closest competitor (Polymarket) was seeking additional capital at a $12B to $15B valuation. This development came just two weeks after
Polymarket announced that it had raised $2B at a $9B valuation.
Kalshi reportedly raised $1B at an $11B valuation from Sequoia and CapitalG.
— Sheel Mohnot (@pitdesi) November 20, 2025
Polymarket reportedly raising at $12-15B.
They created a new market out of thin air, major props to everyone who invested in these companies before the 2024 election. I did not think they would work. pic.twitter.com/hhiFRTVPdR
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