Prediction Markets Attract Big Capital as Kalshi Scales Abroad
Kalshi, the event-trading platform that lets users invest in the outcomes of real-world events, has raised $300 million in a new funding round, valuing the company at $5 billion . Backed by major investors including Sequoia Capital and Andreessen Horowitz , the round marks a milestone for the regulated prediction market space, which has recently drawn significant institutional attention.
Founded in 2018 by Tarek MansourDealroom has a profile for this one. Try Dealroom → and Luana Lopes LaraDealroom has a profile for this one. Try Dealroom → , Kalshi operates a marketplace where users trade contracts on measurable events — from inflation rates and election results to policy decisions and macroeconomic indicators. Unlike informal prediction platforms, Kalshi benefits from oversight by the U.S. Commodity Futures Trading Commission (CFTC) , giving it a level of regulatory legitimacy that appeals to both retail and professional traders.
The fresh capital will fund Kalshi’s international expansion , extending its event-based trading model into new markets. With regulators across Europe and Asia exploring frameworks for alternative financial instruments, the company aims to become a global reference in event-driven investing.
The timing of the announcement is notable. It follows Intercontinental Exchange (ICE)Dealroom has a profile for this one. Try Dealroom → — parent company of the New York Stock Exchange — revealing plans to invest up to $2 billion in Polymarket , a crypto-based prediction platform valued at around $8 billion . The move highlights a growing institutional appetite for platforms that merge market mechanics with forecasting.
Kalshi’s latest raise reflects rising confidence in the concept that markets can quantify public sentiment about the future. Whether trading on inflation data or election outcomes, investors increasingly treat information itself as an asset class. In this evolving landscape, Kalshi positions itself not merely as a trading platform, but as a new kind of financial exchange for collective expectations.
Source:
A.M.
