It is said that Kalshi, a market for predicament and competitor for Polymarket, closed a $ 185 million financing round estimated at $ 2 billion, indicating the growing investor’s appetite for the emerging sector.
The tour was led by Crypto Investment Company Paradigm, with the participation of Sequoia Capital and Multicoin Capital and other investors, The Wall Street Journal Journal I mentioned Wednesday.
Tarek Mansour CEO and co -founder said that funding will be used to expand the Kalshi technology team and integrate prediction contracts into mediation platforms. Currently, KALSHI contracts are available through Webul and Robinhood markets.
The prediction market has gained a traction as an alternative to traditional voting, as supporters argue that they provide more accurate predictions by collecting collective expectations of the participants.
Kalshi was founded in 2018 by Mansour and Luana Lopes Lara, Kalshi raised a total of $ 156 million in capital, According to To pitchbook.
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The last KALSHI financing comes amid reports that its main rival, Polymarkket, is It is expected to close 200 million dollars A tour of $ 1 billion in evaluation. There is a major discrimination between the two is that Kalshi is organized and authorized to work in the United States, while polymarket is not.
Related to: Kalshi accepts bitcoin deposits in an attempt to attract local encoded users
Kalshi wipes the organizational obstacle in CFTC conflict
The latest financing round from Kalshi tracks the main organizational developments that affect its business.
In September 2024, the US Commodity futures trading committee (CFTC) submitted an appeal to challenge the court’s decision that allowed Kalshi to move forward in submitting political contracts.
The legal dispute focuses on whether these contracts have violated the restrictions imposed on gambling under the Federal Commodities Law. In May 2025, CFTC Go to the class Its attractiveness, cleansing organizational issues and may have opened the door to organizing political prediction markets in the United States.
KALSHI and Polymarket saw an increase in activity during the US presidential election in November 2024, which provided the tension test that helped verify the attractiveness of prediction markets.
On the KALSHI website on the web, users can provide predictions on the topics of cryptocurrency and economy to the weather and the ongoing events. According to Bloomberg Intelligence data, 79 % of the trading volume in KALSHI came in March and early April in the sport category. Like He also fought with state organizers On mathematical prediction contracts.
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