[Kalshi Completes $1 Billion Financing at $11 Billion Valuation, Led by Sequoia and CapitalG] According to TechCrunch, citing sources familiar with the matter, prediction market platform Kalshi has completed $1 billion in financing, reaching a new valuation of $11 billion, led by Sequoia and CapitalG. This round of financing comes less than two months after its previous $300 million round at a $5 billion valuation. Kalshi allows users to bet on various events and operates within legal boundaries, with annualized trading volume exceeding $50 billion. Its main competitor, Polymarket, is reportedly planning to raise funds at a valuation of $12–15 billion.