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Prediction Market Kalshi Notches $2 Billion Valuation With $185 Million Raise

Kalshi achieved unicorn status following its latest Series C funding round, amid the prediction markets platform's growing crypto embrace.

Predictions market startup Kalshi has raised $185 million at a $2 billion valuation, the firm announced Wednesday, elevating the startup to unicorn status amid its growing foray into the crypto world.

Cryptocurrency-focused venture capital firm Paradigm led the Series C round, with participation from Sequoia, Multicoin, Peng Zhao, Neo and Bond Capital, according to Mansour. Kalshi will use the funds, in part, to grow its technology team and facilitate its integration with brokers.

Prediction Market Kalshi Notches $2 Billion Valuation With $185 Million Raise

Kalshi achieved unicorn status following its latest Series C funding round, amid the prediction markets platform's growing crypto embrace.

Predictions market startup Kalshi has raised $185 million at a $2 billion valuation, the firm announced Wednesday, elevating the startup to unicorn status amid its growing foray into the crypto world.

Cryptocurrency-focused venture capital firm Paradigm led the Series C round, with participation from Sequoia, Multicoin, Peng Zhao, Neo and Bond Capital, according to Mansour. Kalshi will use the funds, in part, to grow its technology team and facilitate its integration with brokers.

https://decrypt.co/327074/prediction-market-kalshi-2-billion-valuation-185-million-raise