TL;DR
- Product Launch: Kalshi’s Combos debuted with $100 million in week one and peaked at $340 million daily, showing strong demand for bundled prediction contracts.
- Funding Growth: The platform raised $1 billion in Series E at an $11 billion valuation, following a $300 million Series D, fueling expansion into 140 countries.
- Industry Integration: Partnerships with CNN, CNBC, Phantom, and Coinbase highlight Kalshi’s push to embed prediction markets into mainstream finance and media ecosystems.
Prediction market platform Kalshi has unveiled Combos, a parlay-style product allowing traders to bundle multiple event outcomes into a single contract. The rollout has already generated significant traction, with over $100 million processed in its first week and a record daily volume of $340 million. Co-founder and CEO Tarek Mansour confirmed the launch on LinkedIn, emphasizing that Combos deliver better pricing by mirroring multi-leg options in traditional finance.
Combos Deliver Pricing Advantage
Mansour explained that in financial markets, traders often bundle multi-leg options to secure improved pricing. Combos replicate this mechanism, enabling users to achieve similar efficiencies. Importantly, Kalshi’s structure ensures no house involvement, as traders compete openly to take the other side of contracts. This transparent setup has fueled rapid adoption, with app growth surging 50% in November. The product’s early success underscores Kalshi’s ability to innovate within regulated prediction markets while appealing to both retail and institutional participants.
Explosive Growth and Funding Milestones
Kalshi’s expansion comes amid a year of remarkable growth. The platform recently closed a $1 billion Series E funding round at an $11 billion valuation, reinforcing investor confidence in prediction markets as a mainstream asset class. Earlier, in October 2025, Kalshi secured $300 million in Series D funding, extending its reach to more than 140 countries with shared liquidity pools. These milestones highlight the company’s aggressive trajectory and its ambition to dominate the sector.
Rising Competition in Regulated Markets
For a period, Kalshi held the distinction of being the only CFTC-regulated prediction market. However, rival Polymarket has now secured clearance, intensifying competition. Both platforms have experienced strong growth, signaling broader acceptance of prediction markets. Analysts suggest that with continued innovation, the sector could evolve into a trillion-dollar asset class, reshaping how individuals and institutions engage with event-driven trading.
Partnerships and Industry Integration
The perdiction platform is leveraging its funding to expand partnerships and integrations. The platform has announced live integration with CNN and a planned 2026 collaboration with CNBC. It has also launched blockchain initiatives through the Kalshi Eco hub, partnering with Solana and Base networks. Additionally, Phantom introduced Kalshi-powered prediction markets to its users, while Coinbase is preparing its own in-house version. Kalshi further joined forces with Crypto.com, Robinhood, and others to form the Coalition for Prediction Markets, advocating for consistent federal oversight and transparent access.
