Kalshi Secures $300 Million, Aiming for Global Prediction Market Dominance

Kalshi, a leading prediction market platform based in the US, has successfully raised $300 million in funding, elevating its valuation to $5 billion. This significant investment is spearheaded by notable firms such as Sequoia Capital and Andreessen Horowitz.

With plans to extend its services to over 140 countries, Kalshi is poised to dominate the prediction market landscape, boasting an impressive annual trading volume of $50 billion. Its market share surpasses 60%, significantly outpacing competitors like Polymarket.

The surge in interest in betting on real-world events underscores the growing popularity of prediction markets, although Kalshi must navigate regulatory hurdles in the US concerning sports betting.