(Reuters) -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 investment firm Paradigm, Mansour said. Investment firms Sequoia, Multicoin, Neo and Bond Capital, and Citadel Securities CEO Peng Zhao also participated.
Kalshi offers its users opportunities to profit from predictions on everything from sports and entertainment to politics and the economy. Such event contracts have exploded in popularity since the U.S. presidential election last year.
The company is regulated by the Commodity Futures Trading Commission, according to its website.
Kalshi’s rival, Polymarket, is also close to raising $200 million in a round that values it at more than $1 billion, Reuters reported on Tuesday.
(Reporting by Niket Nishant in Bengaluru; Editing by Maju Samuel)
View Comments
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
