Kalshi, a prediction market platform, has raised $1 billion at an $11 billion valuation, following a previous $300 million round. The company competes with Polymarket and allows users to bet on various future events, while navigating legal challenges related to gambling regulations.

Prediction market platform Kalshi has secured $300 million in funding, raising its valuation to $5 billion and enabling plans for expansion into over 140 countries. The company has seen significant growth, surpassing rival Polymarket in weekly transactions, as it capitalizes on the popularity of prediction markets, particularly in sports. Meanwhile, Polymarket is preparing to re-enter the U.S. market after regulatory challenges.

Kalshi, a prediction market startup, has raised $185 million in a funding round led by notable investors, including Sequoia Capital and Citadel Securities CEO Peng Zhao. The funds will be used to enhance technology and integrate with more brokers, following a successful court ruling that allowed the platform to list election outcome contracts. The company is also focusing on expanding its sports-related trading options.

Kalshi has successfully closed a $185 million funding round as it continues to compete in the prediction market space against rival Polymarket, which is reportedly seeking $200 million in its own funding efforts. The investment will help Kalshi expand its platform and services amid growing interest in prediction markets.