Kalshi Valuation Hits $11B After $1B Fundraising to Expand Crypto Prediction Markets
Kalshi, a US CFTC-regulated prediction market platform, secured $1 billion in its latest funding round led by Apollo Global Management, Blackstone Growth and Salesforce Ventures, boosting its valuation to $11 billion. The fresh capital will accelerate product development, expand its crypto-price prediction markets and bolster liquidity and trading volume through strategic hiring and marketing. Since launch, Kalshi has processed over $2 billion in notional trading and launched dozens of markets, including Bitcoin (BTC) and Ethereum (ETH) price events. Strong investor backing underscores growing demand for regulated event derivatives and diversified risk management tools among crypto traders.
Bullish
This funding round and elevated Kalshi valuation signal strong institutional confidence in regulated crypto derivatives. Expansion of crypto-price prediction markets and enhanced liquidity are likely to attract more traders and volume, boosting demand for associated assets like BTC and ETH. In both the short and long term, increased transparency and new market tools should support bullish sentiment and greater market participation.