The news broke late on November 20, 2025: Kalshi, the prediction market, had just closed a $1 billion funding round. Someone familiar with the deal confirmed it. The valuation? A staggering $11 billion.
I remember the buzz around the office when Kalshi first launched. It was 2020. The idea: bet on anything, from economic indicators to the outcome of political events. The early adopters, a mix of quant types and political junkies, loved it. The platform felt like a different world.
Sequoia and CapitalG led the charge this time. Not surprising, given their track records. Both firms have a knack for spotting future giants. The question now becomes: what does this mean?
Kalshi’s growth has been explosive. The platform’s user base has swelled, and trading volume has followed suit. They’ve tapped into a deep vein of interest. People want to predict, and they’re willing to put their money where their mouth is. What’s next for the company? More expansion, undoubtedly.
“We’re excited to support Kalshi’s vision,” a source at Sequoia reportedly said, though no official statement has been released yet. The source preferred to stay anonymous.
The implications are significant. This investment signals continued confidence in the prediction market space. It also highlights the growing interest in alternative investment strategies. It is a story of rapid growth and high stakes.
What happens now? Kalshi will likely use the new capital to scale. Expect more markets, more users, and more headlines. The prediction game, it seems, is just getting started.
