Key Takeaways
- •Kalshi secures $300M for global expansion, valued at $5B.
- •Kalshi becomes the largest prediction market worldwide.
- •Institutional investors back Kalshi's regulated market structure.
Kalshi, a regulated online prediction market platform, launched globally after securing $300M Series D funding, achieving a $5B valuation, with key support from Andreessen Horowitz, Sequoia Capital, and other investors.
Kalshi's launch and substantial funding underscore its potential to reshape global prediction market landscapes, drawing major institutional interest and having implications for event-based trading and finance integration.
Kalshi Global Launch
Kalshi, a regulated online prediction market platform, has officially gone live globally. It raised $300M in Series D funding at a $5B valuation, positioning itself as the largest prediction market organization worldwide.
The launch was led by CEO Tarek Mansour, whose vision is bridging finance with event trading. The funding round was co-led by Andreessen Horowitz and Sequoia Capital. Existing stakeholders like Paradigm continue their support.
Expansion and Growth
The expansion supports over 140 countries, creating a unified liquidity pool. Trading volume increased 200x year-over-year, and the user base grew 20x. Institutional crypto investors like Coinbase Ventures foresee further market growth. Kalshi: Trade Prediction Markets on Events and Outcomes
With these developments, Kalshi holds over 60% of global prediction-market activity. The $300M investment aims at expanding liquidity, infrastructure, and market types, aligning with institutional financial frameworks.
Historical Context
In historical context, Kalshi's Series D funding follows a $2B valuation in June 2025. Compared to other markets, its regulated environment attracts notable institutional investment, distinguishing it from decentralized platforms like Polymarket.
Kalshi's structure, focusing on regulated event contracts and not on crypto tokens, impacts trading dynamics. Supported by investors in ETH, BTC, and USDC, indirect liquidity effects may emerge, yet not reflected in on-chain governance assets.
"Since then, we've grown over 3x, hit $50B of annualized volume, and became the largest prediction market in the world... And today…Kalshi goes global. 140+ countries. 1 liquidity pool." - Tarek Mansour, CEO, Kalshi