Kalshi announced today it has raised $1 billion in a funding round, pushing its valuation to $11 billion, according to a report by TechCrunch. The trading platform, known for event-based contracts, cited strong investor interest and growing adoption as key drivers behind the fundraising.
The influx of capital will enable Kalshi to expand its product offerings and scale operations. Market participants, including retail and institutional traders, are expected to benefit from enhanced liquidity and a broader range of event contracts. Analysts note that this funding round is one of the largest in the prediction market sector to date, reflecting investor confidence in Kalshi’s platform and growth strategy.
Looking ahead, Kalshi plans to use the funds to accelerate technological development, launch new markets, and strengthen regulatory compliance. The company indicated that additional updates on new products and market expansion will be shared in the coming months. Investors and industry watchers are closely monitoring Kalshi’s progress, as the platform continues to establish itself as a leading player in the event-based trading ecosystem.
Source: TechCrunch.
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