Kalshi Secures $1 Billion Funding, Elevating Valuation to $11 Billion Amid Global Expansion Plans Translation: Kalshi Secures $1 Billion Funding, Elevating Valuation to $11 Billion Amid Global Expansion Plans

The prediction platform Kalshi has secured $1 billion in funding from Sequoia Capital and CapitalG. This financing round has boosted the company’s valuation to $11 billion, according to TechCrunch, citing informed sources.

Other investors include Andreessen Horowitz, Paradigm, Anthos Capital, and Neo.

In October, the project raised $300 million, which brought its valuation to $5 billion. During this period, the annual trading volume exceeded $50 billion.

“This [funding] paves the way for Kalshi’s global expansion, opening the platform to traders beyond the U.S. and creating a truly unified prediction market,” the team commented at that time.

In the same month, it was reported that the platform received investment proposals from various venture funds. Kalshi representatives also noted that they had opened access to users from over 140 countries.

In the near future, the platform aims to develop new types of prediction markets, integrate with a broader range of institutional players, and scale its infrastructure.

John Van, the company’s head of cryptocurrency, stated that within a year, the platform will be included in all major blockchain applications and exchanges.

By the end of October, Kalshi’s trading volume surpassed $4 billion, allowing it to overtake its main competitor, Polymarket. Since the beginning of November, this figure has reached $3.6 billion.

On November 20, independent researcher Jane Manchun Wong discovered trading interfaces for stocks and prediction markets within the code of the Coinbase mobile application.

Wong explained in a comment to The Block that she identified relevant screens with sections for “Stocks” and “Predictions” using reverse engineering of the public version of the app.

One of the interfaces specifies that «Prediction Markets» are provided by Coinbase Financial Markets through KalshiEX LLC, indicating a potential integration with Kalshi.

In response to inquiries from journalists about the discovered prototypes, a Coinbase representative refrained from making specific comments and recommended following the presentation scheduled for December 17.

Recall that in November, the exchange introduced a platform for conducting ICOs.