Kalshi Raises Over $100 Million, Achieves $1 Billion Valuation
Prediction market Kalshi has raised over $100 million, achieving a valuation of $1 billion. This follows reports that Polymarket is also seeking to raise $200 million at the same valuation.
Key points include:
- Kalshi's trading volume stands at approximately $113 million across all markets.
- Polymarket's trading volume is nearly $600 million.
- Kalshi now offers more active markets, though it lags behind Polymarket in open interest.
- Polymarket has around 186,000 active traders.
- Paradigm led Kalshi's funding round.
- Donald Trump Jr. joined Kalshi as a senior advisor in January.
