22:50
Kalshi's valuation has risen to $11 billion after completing a $1 billion financing round.
Golden Finance reports that the U.S. regulated prediction market platform Kalshi has completed a $1 billion financing round, with a company valuation reaching $11 billion. This round of financing was led by existing investors Sequoia Capital and CapitalG, with participation from Andreessen Horowitz, Paradigm, Anthos Capital, and Neo.
This valuation increase brings Kalshi closer to the valuation target of $12 billion to $15 billion sought by its competitor Polymarket. Additionally, just a month ago, Kalshi announced the completion of a $300 million financing round, achieving a valuation of $5 billion, highlighting investors' strong interest in the thriving prediction market sector.

