Kalshi Valuation Near $12B as Trading Volume Hits $50B

The Kalshi valuation has surged as venture capital firms, including Andreessen Horowitz and Sequoia Capital, discuss new investments that could push the platform’s value between $10 billion and $12 billion. This follows a $300 million funding round earlier this year that set Kalshi’s valuation at $5 billion. Kalshi, the world’s largest regulated prediction market, reached $50 billion in annualized trading volume after a favorable court ruling on election contracts. The platform lets users trade contracts on real-world events—from economic data to sports outcomes—and plans to expand to over 140 countries. A strategic partnership with Robinhood now brings college and pro football prediction markets to Kalshi, tapping into the multibillion-dollar sports betting sector. This expansion underscores the platform’s growth strategy and the strong Kalshi valuation trend in event-based trading. Competitor Polymarket has also drawn attention, securing a $2 billion investment from Intercontinental Exchange at a $9 billion valuation. Polymarket’s weekly trading volume recently topped $2 billion, double Kalshi’s September volume, highlighting fierce competition and accelerating investor interest across prediction markets.