The prediction platform Kalshi has secured $1 billion from Sequoia Capital and CapitalG. This deal has raised the company’s valuation to $11 billion, according to TechCrunch, citing informed sources.
Other investors include Andreessen Horowitz, Paradigm, Anthos Capital, and Neo.
In October, the project received $300 million, bringing its valuation to $5 billion. During this period, the annual trading volume exceeded $50 billion.
“This [funding] paves the way for Kalshi’s global expansion, opening the platform to traders outside the US and creating a truly unified prediction market,” the team commented at the time.
That month, reports indicated that the platform had received investment offers from several venture funds. Kalshi representatives also noted that they had opened access to users from more than 140 countries.
In the near future, the platform plans to create new types of prediction markets, integrate with more institutional players, and scale its infrastructure.
The company’s head of cryptocurrency, John Wan, stated that within a year, the platform would become part of all major blockchain applications and exchanges.
By the end of October, Kalshi’s trading volume exceeded $4 billion, surpassing its main competitor Polymarket. Since the beginning of November, the figure reached $3.6 billion.
Coinbase’s Prediction Market
On November 20, independent researcher Jane Manchun Wong discovered interfaces for stock trading and prediction betting in the Coinbase mobile app code.
Coinbase is working on Prediction Market pic.twitter.com/0T3HwdXmDy
— Jane Manchun Wong (@wongmjane) November 18, 2025
Wong explained in a comment to The Block that she identified the relevant screens with “Stocks” and “Predictions” sections through reverse engineering of the public version of the app.
One of the interfaces specifies that “Prediction Markets” are provided by Coinbase Financial Markets through KalshiEX LLC, indicating a likely integration with Kalshi.
When asked about the discovered prototypes, a Coinbase representative refrained from specific comments and recommended following the presentation scheduled for December 17.
Earlier in November, the exchange introduced a platform for conducting ICOs.