Kalshi Hits $11 Billion Valuation With $1 Billion Series E As Prediction Markets Go Mainstream
By Amit Chowdhry ● Dec 3, 2025
Kalshi, a regulated prediction-market exchange turning real-world events into a new financial asset class, has raised $1 billion in Series E funding at an $11 billion valuation. The round was led by Paradigm, with participation from Sequoia, Andreessen Horowitz, Meritech Capital, IVP, ARK Invest, Anthos Capital, CapitalG, and Y Combinator.