US Edition
Kalshi Valued at $2 Billion in Latest Funding Round, CEO Says
- Kalshi secured $185 million in a Series C financing led by Paradigm, resulting in a valuation of $2 billion as of June 2025.
- This funding follows Kalshi's successful 2024 court challenge yielding regulatory approval from the Commodity Futures Trading Commission to offer event contracts.
- Kalshi allows users to trade on outcomes in politics, economics, sports, and entertainment, gaining market attention amid debates framing such contracts as legalized gambling.
- Kalshi’s CEO Tarek Mansour revealed the $185 million financing round on X, highlighting participation from major investors such as Paradigm, along with several prominent venture capital firms and Citadel Securities’ CEO Peng Zhao; however, some opponents have criticized the contracts as a potential loophole for gambling.
- The funding enables Kalshi to scale engineering and launch new market structures as it competes with Polymarket, which faces a U.S. ban since 2022 and aims to raise $200 million.
30 Articles
30 Articles
Kalshi CEO on hitting $2B valuation: We're one of the fastest growing companies in America
Tarek Mansour, Kalshi co-founder and CEO, joins 'Squawk Box' to discuss the company hitting $2 billion in valuation after its latest funding round, where the increased funding will be allocated towards, state of prediction markets, NYC mayoral race, and more.
Prediction market startup Kalshi hits $2B valuation with $185M raise led by Paradigm - Tech Startups
Kalshi, the prediction market platform where users trade on real-world events, has landed a $185 million funding round, pushing its valuation to $2 billion. CEO Tarek Mansour shared the news on X on Wednesday. The round was led by Paradigm, […] The post Prediction market startup Kalshi hits $2B valuation with $185M raise led by Paradigm first appeared on Tech Startups.
Channel News Asia
MSNKalshi valued at $2 billion in latest funding round, CEO says
Kalshi has raised $185 million in a funding round that values the prediction marketplace at $2 billion, its CEO Tarek Mansour said in a post on X on Wednesday.The round was led by crypto-focused investor Paradigm, Mansour said. Investment firms Sequoia, Multicoin, Neo and Bond Capital, and Citadel Securities
Coverage Details
Bias Distribution
- 75% of the sources are Center
To view factuality data please Upgrade to Premium
