Kalshi Raises $1 Billion, Boosting Its Valuation to $11 Billion

• Kalshi raised $1 billion in the latest fundraising cycle.
• The latest capital raise gives the prediction platform an $11 billion valuation.
• Kalshi recently won a legal battle in a California court.

According to reports, Kalshi, a prediction market that allows people to bet on future events, has raised $1 billion two months after a previous fundraising cycle that saw the company raise $300 million at a $5 billion valuation. 

Kalshi’s latest $1 billion fundraising round values the company at $11 billion, with returning investors including Sequoia and Capital IG leading the process. Other investors involved in the fundraising event include renowned VCs such as Andreessen Horowitz, Paradigm, Anthos Capital, and Neo.

Related Articles: Good News Is Bad News’: Why the Shutdown’s End Is Hurting Bitcoin

Kalshi’s Recent Legal Boost

Notably, Kalshi’s latest …

Read The Full Article Kalshi Raises $1 Billion, Boosting Its Valuation to $11 Billion On Coin Edition.