Kalshi Hits $11B Valuation After $1B Raise

The prediction market space just got a major confidence signal. Kalshi’s $11B valuation was revealed following a whopping $1 billion funding round, reportedly led by venture giants Sequoia Capital and CapitalG (Google’s growth investment arm). This marks one of the biggest funding events in the industry to date.

Founded to allow users to trade on real-world events—from politics to inflation forecasts—Kalshi has quickly grown from a niche financial product into a legitimate player in the prediction market economy. With this latest injection of capital, the company is now on par with Polymarket, a decentralized rival, in terms of valuation.

Prediction Markets Gain Institutional Backing

Kalshi’s sharp rise comes at a time when prediction markets are increasingly viewed as valuable tools for gauging public sentiment, financial risk, and even geopolitical probabilities. Unlike Polymarket, which operates in the crypto-native space, Kalshi is regulated by the CFTC and targets a more traditional financial audience.

This distinction likely helped attract heavyweight investors like Sequoia and CapitalG, signaling growing confidence in prediction markets as viable financial instruments.

With its $11B valuation, Kalshi now joins an exclusive group of high-valued prediction market platforms, potentially opening the door for more institutional partnerships and regulatory clarity.

What This Means for the Industry

The surge in valuation doesn’t just spotlight Kalshi—it lifts the entire prediction market sector. More capital means more resources for scaling infrastructure, developing user-friendly interfaces, and expanding into new markets.

It also puts pressure on competitors to keep up. Whether through decentralization (like Polymarket) or regulatory navigation (like Kalshi), the race to dominate the real-money forecasting space is heating up.