Prediction-market platform Kalshi has vaulted to an $11 billion valuation, unveiling Tuesday that it secured $1 billion in fresh investor commitments — a staggering leap that signals Wall Street’s widening appetite for event-based trading.
Powerhouse Backers Fuel Series E Surge
In its latest Series E funding round, Kalshi was advised by Cooley LLP and backed by a lineup of heavyweight investors. The round was spearheaded by Paradigm and joined by Sequoia, Andreessen Horowitz, Meritech Capital, IVP, ARK Invest, Anthos Capital, CapitalG, and Y Combinator, according to the company’s Tuesday announcement.
Founded in 2018, Kalshi has carved out prediction markets as an entirely new asset class — a place where users trade on outcomes ranging from politics to economics, transforming speculation into structured financial instruments.
A New Lens on the Future
“Kalshi is replacing debate, subjectivity, and talk with markets, accuracy and truth,” CEO Tarek Mansour said, framing the platform as a sharp-edged alternative to the noise of online discourse. “It’s hard to have an opinion about the future today without thinking about Kalshi.”
The company said the newly raised capital will be deployed to accelerate consumer adoption, expand brokerage integrations, lock down new strategic partnerships, and broaden the platform’s expanding catalog of tradable events.
