This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Crypto prediction market platform Kalshi has secured $185 million in a Series C round led by Paradigm, valuing the company at $2 billion. The funding will fuel expansion and broker integrations, as Kalshi competes with rival Polymarket in the growing prediction markets sector.
- Kalshi’s $185M Series C round, led by Paradigm, values the firm at $2B, with backing from Sequoia, Citadel Securities, and others.
- The platform operates legally under CFTC rules, unlike rival Polymarket, which is banned in the U.S. and other countries.
- Sports betting now drives nearly 80% of Kalshi’s trading volume, despite regulatory pushback in some U.S. states.
📎 Related coverage from: cryptopotato.com
Related Tags: Commodity Futures Trading Commission (CFTC)
Other Tags: NEO, Matt Huang, Paradigm, Peter Thiel, Citadel Securities, Crypto.com, Founders Fund, Kalshi, Polymarket, Robinhood, Sequoia, WeBull