According to a Odaily by TechCrunch citing sources familiar with the matter, prediction market platform Kalshi has completed a $1 billion funding round, valuing the company at $11 billion. The round was led by Sequoia and CapitalG. This funding round comes less than two months after its previous $300 million round, valuing the company at $5 billion. Kalshi allows users to place bets on various events and operates within legal boundaries, with annualized trading volume exceeding $50 billion. Its main competitor, Polymarket, is also reportedly planning to raise funds at a valuation of $12-15 billion.
Kalshi raises $1 billion in funding, led by Sequoia and CapitalG.
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