Kalshi, a prediction market that allows people to bet on future events, has announced that it has increased more than $ 300 million in a $ 5 billion valuation. The company’s value has increased 2.5x since its last funding just three months ago, when it was estimated at $ 2 billion.
Fresh Capital came from Kalshi’s existing investor, Sequoia Capital, with new investor Andreessen Horowitz Co-options of the round. Ventures Paradigm, Capitalg and Coinbase Ventures also participated.
Kalshi also revealed that consumers in 140 countries can now bet on his platform.
The forecast market sees a dramatic increase in activity: Kalshi is going to reach $ 50 billion in annual volume of negotiation, up to the volume of about $ 300 million published last year, The New York Times reported.
The Kalshi Fund announcement follows just a few days earlier than Archrival Polymarket, which revealed that it had secured an investment of up to $ 2 billion from Intercontinental Exchange (Ice), owner of the New York Stock Exchange. dollars. The deal has been valued at Polymarket at $ 8 billion before money, a monumental increase in the $ 1 billion valuation only two months earlier in August.
Both Kalshi and Polymarket increased last year, drawing significant attention to their prediction markets in the presidential election.
Polymarket has been banned by US residents since 2022, after settlement with the Futures Futures Committee (CFTC). In July, the company acquired a derivative exchange and a liquidation home. The move has helped Polymarket receive the right to reintegrate the US market. Last month, CEO of the company and founder, Shayne Coplan, said to x: “Polymarket has been given the green light to live in the US by CFTC.”
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Kalshi secured the right for Americans to use its platform at a successful CFTC request last year.
