Polymarket Rival Kalshi’s Valuation Soars To $11 Billion After $1 Billion Reported Fundraise
Posted On November 21, 2025
Kalshi, a prediction market startup, has seen its valuation skyrocket to $11 billion after reportedly securing a substantial $1 billion funding round.
Investors Fuel Multi-Billion Jump
The latest valuation comes after the company’s previous fundraise of $300 million, which pegged its worth at $5 billion. The new round is spearheaded by existing investors Sequoia and CapitalG. Other backers include Andreessen Horowitz, Paradigm, Anthos Capital, and Neo, according to a report by TechCrunch on Thursday, citing a person familiar with the deal.
The company did not immediately respond to Benzinga‘s request for comment.
The news comes amid talks that Kalshi’s rival Polymarket has also been in talks for a …
About The Author
