Venture firm Paradigm is looking to participate in Kalshi’s latest $100 million funding round, according to Bloomberg. The U.S.-based prediction market is reportedly raising funds at a valuation of over $1 billion.
Kalshi is a betting market that is regulated by the Commodity Futures Trading Commission, meaning it can operate in the U.S., unlike its main competitor, Polymarket. Both platforms enable users to place wagers on the outcomes of future events.
Until recently, prediction markets were largely an academic focus. Some researchers argue that they provide less biased interpretations of news events by aggregating views from people who have “skin in the game” by placing money on the line.
Polymarket and Kalshi both saw significant boosts during the 2024 U.S. election season and have since cooled off.
In September 2024, a D.C. District Court enabled Kalshi to list contracts related to congressional races, which the CFTC had initially sought to ban. Paradigm filed an amicus brief in support of Kalshi at the time.
News of Kalshi’s latest funding round comes on the heels of similar news from Polymarket, which is reportedly “nearing a deal” to raise $200 million at a $1 billion valuation, according to The Information.
Kalshi previously raised $30 million in a 2021 Series A round as well as “tens of millions” in short-term loans from venture firms last year, TechCrunch reported at the time, citing anonymous sources.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
