[Kalshi Completes $1 Billion Series E Financing, Valuation Reaches $11 Billion, Led by Paradigm] Odaily Planet Daily News – Prediction market platform Kalshi announced the completion of a $1 billion Series E financing round, with a post-money valuation of $11 billion. The round was led by Paradigm, with participation from Sequoia, a16z, Meritech Capital, IVP, ARK Invest, Anthos Capital, CapitalG, and Y Combinator. Founded in 2018, Kalshi is dedicated to establishing prediction markets as a new financial asset class, allowing users to trade on over 3,500 real-world event markets on its platform. The company stated that its weekly trading volume has surpassed $1 billion, representing a more than tenfold increase compared to 2024, with millions of active users. Kalshi has also been regarded by media and Wall Street institutions as a key data source for probabilities of future events. Reportedly, the funds from this round will be used to expand the user base, collaborate with more brokerages, advance content integration with media outlets, and broaden the product line. Paradigm co-founder Matt Huang commented on the immense growth potential of prediction markets, stating that it is "similar to the crypto industry a decade ago, on the verge of an explosion in cultural and economic influence." (Business Wire)