Kalshi Raises $1 Billion at $11 Billion Valuation in Sequoia-Led Round

Prediction market platform Kalshi raised $1 billion at an $11 billion valuation in a funding round led by Sequoia and CapitalG. The financing follows a $300 million Series D round in October that valued the company at $5 billion. Rival platform Polymarket is exploring funding at a $12 billion to $15 billion valuation.