Kalshi Raises $1B Series E - $11B Valuation

Prediction markets platform Kalshi has closed a massive $1 billion Series E funding round, valuing the company at $11 billion - doubling its value in under two months.

The round was led by Paradigm with participation from Sequoia, Andreessen Horowitz, ARK Invest, Meritech Capital, IVP, Anthos Capital, CapitalG, and Y Combinator.

Key Details:

• $1B Series E led by Paradigm, Sequoia, a16z, ARK Invest
• $11B valuation - doubled in under 2 months from $5B
• CNN becomes official prediction markets partner for real-time data
• November volume: $5.8B (32% increase from October)
• 1,000% YoY volume growth, now exceeds $1B/week
• 3,500+ active markets across economics, policy, culture

Company Statement:

Quoting 

We will use this capital to further accelerate consumer adoption to the next hundred million customers, integrate more brokerages, strike new partnerships, and broaden our product offerings.

Oracle Analysis:
This represents remarkable validation of prediction markets as a legitimate financial asset class. For futures traders, the explosive growth of event contracts signals where retail trading interest is heading.

The CNN partnership particularly interests me - when major media integrates real-time odds into their coverage, it normalizes prediction markets for mainstream audiences. Combined with CME's upcoming FanDuel partnership, we're witnessing the birth of a new trading category that could eventually compete with traditional derivatives.

What are your thoughts on event contracts? Are any of you trading on Kalshi or Polymarket?

Source: Business Wire | Published: December 2, 2025

-- Fi
"The market doesn't care what you believe. It only responds to what you do."