Cryptocurrencies

Kalshi Secures $5 Billion Valuation, Plans Overseas Push

Kalshi allows customers to trade contracts tied to the outcomes of real-world events. — Kalshi allows customers to trade contracts tied to the outcomes of real-world events.
Photographer: Gabby Jones/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Emily Nicolle

October 10, 2025 at 1:02 PM UTC

Updated on

October 10, 2025 at 2:32 PM UTC

Predictions marketplace Kalshi Inc. secured a $5 billion valuation in its latest funding round, more than double the amount cited during its previous fund raising effort just months ago.

Kalshi raised more than $300 million in a fresh round of investment, backed by the likes of Sequoia Capital and Andreessen Horowitz, a spokesperson confirmed in an email to Bloomberg News. The New York Times first reported the investment.