Kalshi Secures $1B as Trading Volume Soars Past Records
The prediction market company Kalshi secured a $1 billion investment round on December 2, which raised its valuation to $11 billion.
This latest funding round saw participation from existing backers, including Paradigm, Sequoia Capital, Andreessen Horowitz, and CapitalG.
Monthly trading momentum on Kalshi reached new heights in November, with total trades exceeding $4.54 billion and weekly activity surpassing $1 billion.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is Yield Farming in Crypto? (Animated Explanation)
These numbers not only broke internal records but also placed Kalshi ahead of similar platforms such as Polymarket during the same timeframe.
Kalshi’s recent achievements have coincided with greater integration with external platforms. The platform’s market data is available on Google Finance, and some reports indicate that Coinbase
The funds from this raise are expected to support Kalshi’s growth-focused projects. These include expanding service options, partnering with news agencies, and deeper integration with online brokerages to reach a broader audience.
As a platform that operates under the Commodity Futures Trading Commission (CFTC) rules, Kalshi emphasizes compliance with US regulations. This legal clarity distinguishes it from less regulated, decentralized competitors like Polymarket.
Kalshi recently started allowing users to trade digital versions of its event contracts on the Solana
Source link
