Kalshi: A Profitable Prediction Market
Kalshi, a federally regulated prediction market platform, has announced a Series D funding round of over $300 million, co-led by Sequoia Capital and Andreessen Horowitz.
The funding round included investments from Paradigm, Coinbase Ventures, and others, resulting in a $5 billion valuation for the company.
Founded in 2020 by Yale graduates Tarek Mansour and Luana Lopes Lara, Kalshi has tripled its scale to $50 billion in annualized trading volume since the raise.
- Expanded to over 140 countries
- Introduced a unified global liquidity pool for trading on events like elections, sports, and economic indicators
Kalshi is now positioned as the world’s largest prediction market by volume.
No direct quote available in the given text.
Author's summary: Kalshi raises $300 million in Series D funding.
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