Prediction market platform Kalshi has secured over $300 million in new funding, led by Sequoia Capital and Andreessen Horowitz (a16z), pushing its valuation to $5 billion, more than double its level from just four months ago.
The raise highlights surging investor interest in regulated prediction markets, which allow users to trade contracts on outcomes spanning politics, sports, economics, and entertainment.
The latest Series D round also saw participation from Paradigm, CapitalG, Coinbase Ventures, General Catalyst, and Spark Capital, underscoring Silicon Valley’s growing conviction that event-driven markets represent a new frontier for financial innovation and retail speculation.
Founded by Tarek Mansour and Luana Lopes Lara, Kalshi operates as the only CFTC-regulated prediction exchange in the United States. With its new capital, the company plans an aggressive international rollout, making its platform accessible to users outside the U.S. while maintaining compliance with local regulations.
The move expands Kalshi’s potential user base “by billions,” positioning it as a global hub for event-based finance.
However, not all regions will gain access immediately, the company’s user agreement lists 38 restricted countries, including the U.K., Canada, France, Singapore, Taiwan, Russia, and Venezuela.
A16z Growth Fund partner Alex Immerman praised Kalshi’s founders for prioritizing regulatory integrity over shortcuts: “They built the first CFTC-regulated prediction platform. Their infrastructure is built for scale.”
With over $485 million raised since June, Kalshi is now one of the most valuable companies in the prediction market sector, a space analysts say could redefine how investors manage risk, hedge outcomes, and gauge global sentiment in real time.
