Kalshi Secures $300 Million in Funding on October 10, 2025, Reaching a $5 Billion Valuation

According to media reports, Kalshi completed a new funding round on October 10, 2025, raising $300 million. Investors in this round include leading firms such as Andreessen Horowitz, Paradigm, Coinbase Ventures, Sequoia Capital, and CapitalG. Following this financing, Kalshi’s total capital raised has reached $515 million, with its latest valuation at $5 billion.Kalshi is a federally regulated prediction market platform that supports cryptocurrency deposits, enabling users to trade contracts tied to real-world events. Compared to traditional equities and derivatives, event-based contracts offer users a broader range of investment themes. Both subject matter experts and users interested in specific topics—such as news, finance, or pop culture—can generate returns on the Kalshi platform by accurately forecasting outcomes.Notably, Kalshi has experienced rapid growth recently. In early October 2025, the platform partnered with Robinhood to launch prediction markets for NFL and college football events. In the crypto segment, Kalshi added support for native deposits of SOL and Solana-based USDC at the end of August 2025 and appointed renowned crypto expert John Wang as Head of Crypto Business, underscoring the company’s continued expansion in digital assets. From its initial $470,000 seed round in 2019, through its $30 million Series A in 2021, to a $185 million Series C in June 2025, Kalshi has demonstrated robust growth momentum.