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Kalshi Secures $1 Billion, Valuation Soars to $11 Billion

12/3/2025

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Summary

Story summary

Kalshi raised $1 billion at an $11 billion valuation.
The latest round was led by Paradigm, with Sequoia Capital and Andreessen Horowitz participating.
Two months earlier, Kalshi completed a $300 million funding round.
Kalshi co-founder Tarek Mansour emphasized the vast market potential.
The platform's success has made its co-founders billionaires on paper due to their substantial stake.

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Story summary

Kalshi raised $1 billion at an $11 billion valuation.
The latest round was led by Paradigm, with Sequoia Capital and Andreessen Horowitz participating.
Two months earlier, Kalshi completed a $300 million funding round.
Kalshi co-founder Tarek Mansour emphasized the vast market potential.
The platform's success has made its co-founders billionaires on paper due to their substantial stake.