Kalshi's valuation rises to 11 billions after completing a 1 billion dollars financing round

Jinse Finance reported that the US-regulated prediction market platform Kalshi has completed a $1 billion financing round, bringing the company's valuation to $11 billion. This round was led by existing investors Sequoia Capital and CapitalG, with participation from Andreessen Horowitz, Paradigm, Anthos Capital, and Neo. This increase in valuation brings Kalshi closer to the $12 billion to $15 billion valuation target sought by its competitor Polymarket. In addition, just a month ago, Kalshi announced the completion of a $300 million financing round, reaching a valuation of $5 billion, highlighting investors' strong interest in the booming prediction market sector.