Kalshi's valuation has risen to $11 billion after completing a $1 billion financing round.

Golden Finance reports that the regulated prediction market platform Kalshi in the United States has completed a $1 billion financing round, bringing the company's valuation to $11 billion. This round of financing was led by existing investors Sequoia Capital and CapitalG, with participation from Andreessen Horowitz, Paradigm, Anthos Capital, and Neo. This valuation increase brings Kalshi closer to the valuation target of $12 billion to $15 billion sought by its competitor Polymarket. Moreover, just a month ago, Kalshi announced the completion of a $300 million funding round, reaching a valuation of $5 billion, highlighting the strong interest from investors in the booming prediction market sector.