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Kalshi Secures $1 Billion Investment as Trading Volume Soars Past Records
Key Takeaways
- Kalshi raised $1 billion on December 2, which boosted its valuation to $11 billion, with support from investors like Paradigm and Sequoia;
- The platform hit record highs in November, which surpassed $4.54 billion in trades and topping competitors such as Polymarket;
- New funding will aid expansion, partnerships, and compliance-driven growth under CFTC oversight in the regulated US market.
The prediction market company Kalshi secured a $1 billion investment round on December 2, which raised its valuation to $11 billion.
This latest funding round saw participation from existing backers, including Paradigm, Sequoia Capital, Andreessen Horowitz, and CapitalG.
Monthly trading momentum on Kalshi reached new heights in November, with total trades exceeding $4.54 billion and weekly activity surpassing $1 billion.
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These numbers not only broke internal records but also placed Kalshi ahead of similar platforms such as Polymarket during the same timeframe.
Kalshi's recent achievements have coincided with greater integration with external platforms. The platform's market data is available on Google Finance, and some reports indicate that Coinbase
The funds from this raise are expected to support Kalshi's growth-focused projects. These include expanding service options, partnering with news agencies, and deeper integration with online brokerages to reach a broader audience.
As a platform that operates under the Commodity Futures Trading Commission (CFTC) rules, Kalshi emphasizes compliance with US regulations. This legal clarity distinguishes it from less regulated, decentralized competitors like Polymarket.
Kalshi recently started allowing users to trade digital versions of its event contracts on the Solana