Kalshi Secures $1 Billion in Funding on November 20, 2025, Reaching a Valuation of $11 Billion

According to media reports, prediction market platform Kalshi raised $1 billion in funding on November 20, 2025. The round was led by top-tier investment firms including Sequoia Capital, CapitalG, Andreessen Horowitz, Paradigm, Anthos Capital, and Neo. Following this round, Kalshi’s total funding has reached $1.515 billion, with its latest valuation at $11 billion.Kalshi is a federally regulated prediction market platform that supports cryptocurrency deposits and enables investors to trade contracts based on real-world events. Users can trade on the outcomes of specific events, with coverage extending far beyond traditional equities and derivatives markets to include news, finance, pop culture, and other areas. Both domain experts and enthusiasts interested in particular topics can profit on Kalshi by accurately forecasting outcomes. The platform also provides a wide array of resources and tools such as tutorials and market data to help traders understand prediction markets and optimize their trading strategies.Recently, Kalshi has demonstrated strong growth momentum. In early October this year, the platform partnered with sports betting giant Robinhood to launch prediction markets for NFL and college football games, further expanding its use cases. In the same month, Kalshi teamed up with data oracle platform Pyth Network to enable on-chain circulation of prediction market data, enhancing transparency and reliability. The platform has also been integrated into major crypto applications and exchanges, supporting deposits in SOL and native USDC on the Solana blockchain. In addition, renowned crypto industry figure John Wang has joined as Head of Crypto Business, further strengthening Kalshi’s influence within the crypto ecosystem. These initiatives underscore Kalshi’s leading position and rapid expansion strategy in the prediction market sector.