Kalshi raises $185M in funding round, now valued at $2B
From Cointelegraph
June 25, 2025 6:02:00 pm:
Prediction market Kalshi has closed a $185 million funding round, valuing the company at $2 billion. Led by Paradigm, the round included Sequoia Capital and Multicoin Capital. CEO Tarek Mansour plans to expand technology and integrate contracts into more platforms like Webull and Robinhood. Kalshi was federally regulated in the US, unlike competitor Polymarket.
Kalshi faced regulatory challenges from the CFTC regarding political event contracts. The CFTC initially appealed against Kalshi but later dismissed the appeal, potentially paving the way for regulatory approval of political prediction markets in the US. Both Kalshi and Polymarket experienced increased activity during the 2024 US presidential election, validating the appeal of prediction markets.
Users on Kalshi’s platform can predict various topics, with 79% of trading volume in March and April coming from sports categories. Kalshi has also faced legal battles with state regulators over sports prediction contracts. The company’s latest funding round reflects growing investor interest in prediction markets and technology expansion efforts.
Kalshi’s regulatory hurdles and success in the prediction market sector highlight the growing popularity and potential of such platforms. The company’s ability to navigate legal challenges and attract significant funding indicates a promising future in the emerging sector. Investors are increasingly recognizing the value and accuracy of prediction markets in providing insights and forecasts.
Read more at Cointelegraph: Kalshi Raises $185M at $2B Valuation: Report