Kalshi Soars to $11 Billion Valuation: How a $1 Billion Mega-Round and a Former Ballerina Are Redrawing the Prediction Market Map
Kalshi announced a $1 billion Series E funding round at an $11 billion valuation on December 2, led by Paradigm with backing from Sequoia and Andreessen Horowitz. The deal more than doubles Kalshi’s valuation in under two months. Cofounder Luana Lopes Lara, 29, becomes the youngest self-made woman billionaire, according to Forbes. Kalshi reports over $1 billion in weekly trading volume and millions of weekly users.