Prediction Platform Kalshi has announced that it has raised over $300 million in a Series D funding round, elevating its market capitalization to $5 billion. Key investors include Sequoia Capital, Andreessen Horowitz, Paradigm, CapitalG, and Coinbase Ventures.
This is reported by Business • Media
International Expansion and Market Growth
Following a successful funding round, Kalshi plans to significantly expand its presence in the global market by providing access to its services to users in over 140 countries. The investments, which are the largest in the company’s history, allow Kalshi to strengthen its position in the rapidly growing prediction trading segment, especially in light of the recent news of a $2 billion investment in competitor Polymarket by Intercontinental Exchange, the owner of the NYSE.
According to official data, Kalshi’s annual trading volume is approaching $50 billion, and its market share exceeded 60% in September, enabling the company to surpass Polymarket. Experts attribute the platform’s dynamic growth to the popularity of contracts on sporting events and rapid bets, which are becoming the main source of user interest.
Future Plans and Regulatory Challenges
The capital raised will allow Kalshi to scale its technical infrastructure and integrate with leading digital asset services. According to John Van, head of the crypto division, the company plans to “enter all major applications” over the next year, expanding distribution beyond existing partnerships with Robinhood and Webull.
International expansion will be a central strategy for Kalshi, but the firm continues to focus on complying with regulatory requirements that have previously limited its operations outside the U.S.
“The company’s regulatory history remains complex. In May 2025, the CFTC dropped its lawsuit against Kalshi regarding election-related contracts. However, legal proceedings regarding sports predictions are ongoing in several states, which authorities view as a circumvention of gambling rules.”
After the latest round, Kalshi has become one of the most valuable platforms in the prediction market space. In comparison, the previous Series C round secured $185 million in funding at a company valuation of $2 billion.
It was previously reported that Kalshi partnered with xAI, a company specializing in artificial intelligence, to develop joint solutions in the trading bets sector.