Kalshi Hits $5B As Polymarket Soars To $8B

Kalshi Hits $5B As Polymarket Soars To $8B

Kalshi hits $5B valuation days after rival Polymarket gets $2B NYSE backing at $8B , marking one of the most dramatic weeks yet in the prediction market space. The two leading platforms are fueling investor excitement and reshaping how markets bet on real-world events. Image : Google Kalshi, the fast-rising prediction market startup, announced it raised over $300 million in fresh funding at a $5 billion valuation . The round — co-led by Sequoia Capital and Andreessen Horowitz (a16z) — marks a 2.5x surge in valuation since its last fundraise just three months ago when Kalshi was valued at $2 billion. Major Investors Bet Big On Kalshi’s Growth Other key backers include Paradigm Ventures , CapitalG , and Coinbase Ventures , reflecting growing institutional confidence in prediction markets. Kalshi also shared that users from over 140 countries can now participate in betting on global events — from elections to economic data. The company’s trading volume is soaring, too. According to The New York Ti…