The prediction market’s reported raise was at a valuation of $11 billion, just days after reports that Polymarket is looking to raise funds at $12 billion.<\/p>\n
Kalshi<\/a>, a U.S.-based prediction marketplace, has raised $1\u202fbillion in a funding round led by existing backers Sequoia and CapitalG, according to TechCrunch,<\/a> citing sources familiar with the deal.<\/p>\n The round, which saw participation from Andreessen Horowitz, Paradigm, Anthos Capital, and Neo, puts Kalshi\u2019s valuation at about $11 billion, narrowing the gap with leading on-chain prediction market Polymarket<\/a>, which is reportedly seeking<\/a> new funds at a $12 billion valuation.<\/p>\n A Kalshi spokesperson declined to comment on the report when contacted by The Defiant.<\/p>\n Kalshi\u2019s reported funding comes just about one month after it raised $300\u202fmillion<\/a> at a $5\u202fbillion valuation.<\/p>\n It also landed as October marked the prediction market sector\u2019s strongest month yet, with Kalshi and Polymarket processing a combined $7.4 billion in volume, The Defiant reported<\/a> earlier.<\/p>\n In October, Kalshi processed $4.4 billion, while Polymarket had $3 billion, setting all-time highs for both platforms.<\/p>\n Meanwhile, prediction markets continue to pick up momentum with new integrations and partnerships, with Google Finance recently announcing<\/a> that users will soon see live market data from Polymarket and Kalshi.<\/p>\n Unlike Polymarket, which is preparing for its U.S. return and operates fully on-chain, Kalshi is off-chain, though it\u2019s moving to integrate on-chain components through a partnership<\/a> with RedStone, an oracle data provider.<\/p>\n Kalshi received approval from the Commodity Futures Trading Commission to operate as a prediction market in the U.S. back in 2020, but the firm had no explicit crypto ambitions at the time. Kalshi began accepting crypto for deposits last year, and revealed its crypto push<\/a> in earnest this summer.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The prediction market’s reported raise was at a valuation of $11 billion, just days after reports that Polymarket is looking to raise funds at $12 billion. Kalshi, a U.S.-based prediction marketplace, has raised $1\u202fbillion in a funding round led by existing backers Sequoia and CapitalG, according to TechCrunch, citing sources familiar with the deal. The […]<\/p>\n","protected":false},"author":2,"featured_media":412016,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-412011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/412011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=412011"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/412011\/revisions"}],"predecessor-version":[{"id":412017,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/412011\/revisions\/412017"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/412016"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=412011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=412011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=412011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Prediction Market Season<\/h2>\n