Prediction marketplace Kalshi closed a $300 million Series D funding round led by Sequoia Capital and Andreessen Horowitz, with participation from Paradigm. The platform is now available in over 140 countries, with a $5 billion valuation after this funding. Restricted in 38 countries, including Canada, France, and the UK.

Kalshi’s international expansion follows its latest funding round, attracting investors like CapitalG, Coinbase Ventures, and General Catalyst. The platform will offer users in new markets the same product experience as American users. The company’s growth fund partner from a16z praised Kalshi for becoming the first CFTC-regulated prediction market.

Kalshi’s news comes amid a trend in prediction markets, with Polymarket raising $2 billion from NYSE owner Intercontinental Exchange. This investment valued Polymarket at $9 billion, reflecting the growing importance of prediction markets in the financial sector. Kalshi is positioning itself to become the leading global prediction market, backed by significant funding and regulatory compliance.

Read more at Cointelegraph: Kalshi Starts Global Expansion With New $300M Raise