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 has given Kalshi a valuation of $5 billion. Founded in 2020 by Yale graduates Tarek Mansour and Luana Lopes Lara, the company 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.
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Author's summary: Kalshi secures $300 million funding and triples its scale.