Kalshi Secures $1 Billion Funding at $11 Billion Valuation in Prediction Market Expansion

Prediction markets platform Kalshi has successfully raised $1 billion in new funding, achieving an impressive $11 billion valuation. This major capital injection comes as competition intensifies in the prediction markets sector, with platforms vying for market dominance. The substantial funding round demonstrates strong investor confidence in Kalshi's business model and the growing prediction markets industry. TechCrunch reports that this development signals continued momentum for alternative trading platforms that allow users to speculate on various real-world events and outcomes.