#Kalshi Hits $2 Billion Valuation With Paradigm-Led $185 Million Series C


Kalshi achieved unicorn status with a $2 billion valuation following a $185 million Series C funding round.


#Crypto-focused VC firm Paradigm led the round with participation from Sequoia, Multicoin, and Bond Capital.


The prediction markets platform will use the funds to grow its technology team and facilitate broker integrations.


Its valuation represents a massive jump from $787 million post-money valuation in late 2024.


The platform processed over $875 million in total volume for election markets in November alone.


The recent NYC mayoral primary event contract pulled in more than $16 million in trading activity.


Kalshi now accepts four #cryptocurrencies, including $BTC, $USDC , $WLD, and $SOL through ZeroHash integration.


Competing platform #Polymarket is reportedly raising nearly $200 million at an over $1 billion valuation.


CEO Tarek Mansour celebrates the team "who have taken #prediction markets mainstream" in the fast-growing company’s achievement.

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June 26, 2025 at 2:04 PM