Back to today’s briefing

Story perspectives

Kalshi Raises $300M, Becomes Prediction Market Leader

10/12/2025

50 12 Full Breakdown

Summary

Story summary

Kalshi has raised more than $300 million in funding, giving the company a valuation of $5 billion.
The firm plans to expand its services to more than 140 countries.
Its annualized trading volume is projected to reach $50 billion, up from $300 million last year.
Kalshi has become the largest player in the prediction market, surpassing Polymarket, which received a $2 billion investment from the Intercontinental Exchange.

History

Historical Context

Founded in 2018 by Tarek Mansour and Luana Lopes Lara, Kalshi received CFTC approval for event contracts in 2020, enabling regulated prediction markets. By 2023, it raised over $300 million, achieving a $5 billion valuation and expanding to over 140 countries. This growth reflects a significant shift in financial engagement, allowing users to hedge against uncertainties in political and economic events.

1 of 2

Story summary

Kalshi has raised more than $300 million in funding, giving the company a valuation of $5 billion.
The firm plans to expand its services to more than 140 countries.
Its annualized trading volume is projected to reach $50 billion, up from $300 million last year.
Kalshi has become the largest player in the prediction market, surpassing Polymarket, which received a $2 billion investment from the Intercontinental Exchange.

1 / 2