As reported by AICryptoCore, Kalshi, a New York-based prediction market platform, has raised $1 billion in a Series E funding round at an $11 billion valuation. The round was led by Paradigm and included participation from major investors such as Sequoia and Andreessen Horowitz. The funding aims to expand Kalshi’s market share, enhance product offerings, and drive mass consumer adoption. CEO Tarek Mansour emphasized the platform’s mission to replace subjective debate with data-driven market accuracy. The capital will also be used to integrate with brokers and scale customer reach, positioning prediction markets as a new financial asset class.
Kalshi Secures $1 Billion in Series E Funding at $11 Billion Valuation
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