Kalshi has introduced that it raised greater than $300 million in a Sequence D funding spherical at a $5 billion valuation. The spherical was led by Sequoia and Andreessen Horowitz (a16z), with robust participation from returning investor Paradigm. Different backers embody CapitalG, Coinbase Ventures, Normal Catalyst, and Spark Capital.
The information is available in the identical week that Polymarket, Kalshi’s important competitor, revealed that Intercontinental Alternate (ICE), the guardian firm of the New York Inventory Alternate, plans to speculate as much as $2 billion in its platform.
Even so, Kalshi has now pulled forward of Polymarket to change into the largest participant within the prediction market area, holding greater than 60% of world market share, in response to knowledge from Dune.
Kalshi not too long ago raised $300M+ at $5B from Sequoia, a16z, Paradigm and others.
Since then, we've grown over 3x, hit $50B of annualized quantity, and have become the most important prediction market on the planet.
And in the present day…Kalshi goes world.
140+ international locations. 1 liquidity pool. pic.twitter.com/Z2myzRw9bA
— Tarek Mansour (@mansourtarek_) October 10, 2025
The spherical was truly raised in August, and since then, Kalshi has expanded its attain to greater than 140 international locations. The transfer successfully created the world’s solely unified world prediction market and opened the door to billions of potential new customers. Individuals exterior the US will now reportedly have the ability to use Kalshi by means of its web site with the identical expertise as American prospects.
Sequence D funding may push Kalshi into the mainstream
In a press release shared with ReadWrite, Alfred Lin, accomplice at Sequoia and a member of Kalshi’s board, mentioned: “Tarek and Luana’s daring imaginative and prescient to make prediction markets mainstream initially drew us to accomplice with Kalshi in 2020.
“Since then, they’ve constructed a category-defining firm that represents the way forward for how markets democratize data. We’re excited to deepen our partnership as Kalshi redefines what it means to have an opinion in regards to the future.”
The CFTC-regulated change hit a significant milestone with greater than $1 billion traded on its platform, pushing its annualized buying and selling quantity above $50 billion. In September, Kalshi captured the vast majority of world prediction market quantity, an enormous leap from simply 2% a yr earlier, particularly spectacular given it solely operated in a single nation on the time.
“Kalshi has emerged because the main prediction market platform, and we’re thrilled to again them,” mentioned Alex Immerman, accomplice on a16z’s Development Fund.
“Tarek and Luana selected the troublesome however extra accountable path of changing into the primary CFTC regulated prediction market, and their breadth of markets, liquidity, and infrastructure are constructed for scale. Kalshi has the chance to seize what might change into the most important and most essential monetary market.”
Following the announcement, DraftKings inventory dipped 0.75% and Flutter dropped 3%.
Featured picture: Kalshi
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