Kalshi, a prediction market platform, has raised $185 million in a funding round that values the company at $2 billion. This investment was led by Paradigm, along with contributions from Sequoia Capital and Multicoin Capital. CEO Tarek Mansour stated that the funds will be allocated to expand the technology team and to integrate Kalshi’s prediction contracts into more brokerage platforms, including Webull and Robinhood. Kalshi operates under federal regulation, unlike its main competitor, Polymarket. The latest funding comes after significant legal developments, including a successful resolution of a dispute with the US Commodity Futures Trading Commission (CFTC) regarding the legality of political event contracts, previously challenged as violating gambling laws. Kalshi's activity surged during the 2024 US presidential election, indicating growing interest in prediction markets as a more accurate alternative to traditional polling. In March 2025, most of Kalshi’s trading volume came from sports predictions.

Source 🔗