The prediction market platform Kalshi, headquartered in the United States, has completed another significant round of financing aimed at expanding its services to over 100 countries worldwide.
Kalshi announced on Friday that it has completed a Series D funding round of over $300 million, led by Sequoia Capital and Andreessen Horowitz (a16z), with participation from Paradigm.
In a statement shared with Cointelegraph, Kalshi noted that its platform is now available in over 140 countries and added that the company has become "the only unified prediction market globally, instantly adding billions of potential customers."
A few months ago, Kalshi had just completed another round of financing of $185 million, led by Paradigm, with Sequoia Capital also participating.
Kalshi's Series D funding has raised the company's valuation to $5 billion, an increase of $3 billion since the financing in June.
In addition to Sequoia Capital, a16z, and Paradigm, this round of financing attracted several other investors, including CapitalG, Coinbase Ventures, General Catalyst, and Spark Capital.
Following this funding round with a valuation of $5 billion, the platform also announced its international market expansion plans and immediately launched services in several new markets.
"International users can now access the platform through the Kalshi website, enjoying the same product experience as U.S. users," the company stated.
In response to Cointelegraph's inquiry, Kalshi did not immediately disclose the specific markets the platform will enter but referenced a membership agreement listing 38 restricted jurisdictions.
The document listed restricted countries including Canada, France, Poland, Russia, Singapore, Taiwan, Thailand, the United Kingdom, Venezuela, and others.
a16z Growth Fund partner Alex Immerman stated, "Kalshi has developed into a leading prediction market platform, and we are very pleased to support them."
He further noted, "Tarek and Luana chose a more difficult but more responsible path, becoming the first prediction market regulated by the CFTC, with their market breadth, liquidity, and infrastructure built for scalability." He emphasized that the platform has the opportunity to become "the largest and most important financial market."
This news from Kalshi marks another significant milestone in the growth trend of prediction markets. Previously, its main competitor Polymarket secured $2 billion from the parent company of the New York Stock Exchange, Intercontinental Exchange, on Tuesday. This strategic investment raised Polymarket's post-money valuation to $9 billion.
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Original article: “Kalshi Raises $300 Million to Expand Prediction Markets to 140 Countries”
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