Prediction market leader strengthens global expansion as VC interest intensifies
Prediction market platform Kalshi has secured a significant boost in its global ambitions after raising an additional $1 billion in fresh capital, pushing its valuation to an estimated $11 billion, according to new industry disclosures. The latest funding round was reportedly led by Sequoia Capital and CapitalG, marking one of the largest single raises in the prediction market space this year.
The investment comes only weeks after Kalshi collected $300 million during its expansion into 140 countries — a signal that major venture firms remain confident in the long-term growth of event-based trading.
A Rapidly Scaling Market Leader
According to a source familiar with the deal, several earlier investors, including a16z, Paradigm, Anthos Capital and Neo, did not participate in this new round. Yet enthusiasm from Sequoia and CapitalG was strong enough to significantly elevate Kalshi’s market value.
Industry analysts say the rise reflects the accelerating adoption of event-driven markets. “The scale of this funding round highlights how quickly prediction platforms are moving into mainstream financial territory,” one market researcher noted. “Kalshi’s global footprint and regulatory positioning have made it a standout in the sector.”
Kalshi’s new valuation places it alongside rival Polymarket, which is reportedly seeking a raise at $12–$15 billion. Both companies dominate the prediction ecosystem.
Competition Intensifies Between Market Giants
Data compiled since September shows over $17.4 billion in combined trading volume across Kalshi and Polymarket. Kalshi holds the lead with 61.4% of that activity, underscoring its strong grip on the market.
Prediction platforms allow traders to buy “yes” or “no” shares tied to real-world outcomes — elections, sports, technology launches or macroeconomic indicators. With increased integrations, the sector is becoming more visible to traditional traders.
Kalshi’s growing influence is reinforced by recent integrations with major platforms such as Google Finance, Robinhood, xAI’s Grok and the Pyth Network. These connections have significantly improved data accessibility and visibility for new users.
Polymarket, which had previously been restricted from serving U.S. users due to regulatory concerns, re-entered the U.S. in a limited “beta” mode this month and plans a fuller rollout soon. Analysts say the competition between the two platforms is accelerating innovation.
A Market Positioned for Further Growth
As investor interest grows and integrations expand, prediction markets are moving closer to mainstream financial infrastructure. The latest $1 billion investment signals that institutional players expect the sector to become a major component of global retail trading in the coming years.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.