Prediction market platform Kalshi has doubled its valuation to $11 billion after closing a massive $1 billion Series E funding round. The round was led by crypto-focused venture firm Paradigm, with participation from Sequoia, Andreessen Horowitz, and ARK Invest. The funding follows Kalshi’s record monthly trading volumes in November, signaling strong growth in the prediction market sector.
about Kalshi Hits $11B Valuation After $1B Series E Led by ParadigmSequoia
0 in Finance and 0 in Crypto last weekNHL Partners with Kalshi, Polymarket in Prediction Market Push
The National Hockey League has signed groundbreaking multi-year licensing agreements with prediction market platforms Kalshi and Polymarket, marking the first time a major U.S. professional sports league has officially authorized prediction markets to use its trademarks. These historic partnerships arrive as weekly prediction market volume surpasses $2 billion for the first time, with sports betting driving $414.7 million in volume last week alone, signaling a major shift in how professional sports leagues engage with emerging betting technologies.
about NHL Partners with Kalshi, Polymarket in Prediction Market PushPrediction Markets Hit $2B Record as Polymarket Retakes Lead
Weekly prediction market volume has surged past $2 billion for the first time, with Polymarket reclaiming its leadership position from Kalshi after eight weeks of trailing. Sports betting continues to dominate trading activity despite growing political market momentum ahead of November elections. Major funding rounds have propelled both platforms to multi-billion dollar valuations as regulatory barriers ease.
about Prediction Markets Hit $2B Record as Polymarket Retakes LeadKalshi Hits $5B Valuation in $300M Funding Round
The prediction market sector is experiencing unprecedented growth and investor enthusiasm as Kalshi secures a $300 million funding round at a $5 billion valuation, while rival Polymarket achieves a staggering $9 billion valuation in the same week. This dual funding announcement highlights the intensifying competition between two platforms that are rapidly reshaping how people bet on real-world events, from political outcomes to sporting events. With Kalshi recently capturing significant market share and both companies planning major geographic expansions, the battle for dominance in this emerging financial sector is reaching new heights.
about Kalshi Hits $5B Valuation in $300M Funding RoundCrypto VC Funding Plunges 59% in Q2, Mining Leads Deals
Crypto venture funding plummeted to $1.98 billion across 378 deals in Q2 2025, representing a 59% quarterly decline according to Galaxy Digital’s latest report. The drop appears less severe (29%) when excluding an anomalous $2 billion sovereign investment in Binance from Q1. Surprisingly, mining companies captured over 20% of total capital—the largest sector allocation—driven primarily by Sequoia’s $300 million investment in cloud-mining operator XY Miners, reflecting growing AI compute demand. Later-stage deals dominated funding (52% of capital) for only the second time since Q1 2021, indicating market maturation as US-based companies maintained ecosystem dominance despite regulatory challenges. The report notes weakened correlation between Bitcoin prices and venture activity, with reduced interest in formerly hot sectors like NFTs and Web3 applications.
about Crypto VC Funding Plunges 59% in Q2, Mining Leads DealsStartups Demand Sequoia Apology Over Partner’s X Post
Startup leaders across global tech hubs, including Dubai and Cupertino, are demanding an apology from Sequoia Capital following a partner’s contentious post on X (formerly Twitter). The incident has sparked criticism, underscoring the delicate relationship between venture capital firms and the startups they back. As scrutiny over VC conduct grows, this episode may prompt broader discussions about accountability and communication in the investment ecosystem.
about Startups Demand Sequoia Apology Over Partner's X PostKalshi Hits $2B Valuation with $185M Series C Funding
Kalshi, a regulated crypto prediction market platform, has raised $185 million in a Series C funding round led by Paradigm, achieving a $2 billion post-money valuation. The round saw participation from Sequoia, Multicoin, and Citadel Securities, among others. CEO Tarek Mansour emphasized the company’s ambition to build a dominant financial market, with funds earmarked for scaling its tech team and broker integrations, including partnerships with Robinhood and Webull. Kalshi’s legal compliance under CFTC regulation gives it an edge over rival Polymarket, which faces bans in multiple jurisdictions. However, state regulators in Nevada and New Jersey are challenging Kalshi’s sports betting operations. Meanwhile, prediction market volumes have declined post-election, pushing Kalshi to pivot toward sports betting, which now dominates its trading activity.
about Kalshi Hits $2B Valuation with $185M Series C FundingKalshi Hits $2B Valuation with $185M Series C Led by Paradigm
Kalshi, a prediction markets startup, has raised $185 million at a $2 billion valuation in a Series C round led by Paradigm, with participation from Sequoia, Multicoin, and others. The funding solidifies Kalshi’s unicorn status as it expands into crypto, including Web3 integrations with ZeroHash to accept Bitcoin, USDC, Worldcoin, and Solana. The platform has seen surging demand for event contracts, notably in political markets, with over $875 million traded in November 2024. Kalshi’s growth mirrors broader traction in prediction markets, as rival Polymarket also reportedly nears a $1B+ valuation. The startup recently won regulatory approval for political event contracts after a prolonged CFTC battle.
about Kalshi Hits $2B Valuation with $185M Series C Led by ParadigmDonut Labs Raises $7M for AI-Powered Crypto Browser
Donut Labs has raised $7 million in a pre-seed funding round led by Sequoia, Bitkraft, and HackVC, with participation from Solana and other key investors. The funds will support the development of Donut, an AI-powered crypto browser designed to autonomously execute blockchain transactions like token swaps, yield farming, and portfolio optimization. The browser features a native cryptocurrency wallet, decentralized exchange integration, and on-chain execution capabilities, positioning it as a pioneering ‘agentic’ tool for blockchain interactions.
about Donut Labs Raises $7M for AI-Powered Crypto Browser