Prediction market Kalshi, which allows people to bet on future events, rel=”nofollow” href=”https://www.businesswire.com/news/home/20251202735424/en/Kalshi-Reaches-%2411-Billion-Valuation-as-App-Takes-over-America”>announced on Tuesday that it raised a $1 billion funding round at an $11 billion valuation, confirming TechCrunch’s scoop from last month.
The round was led by returning investor Paradigm, with participation from Sequoia Capital, Andreessen Horowitz, Capital G, and other existing backers. The latest funding comes less than two months after Kalshi announced that it raised $300 million at a $5 billion valuation.
Although the trading platform surged in popularity last year…

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