A prediction market startup raised $1 billion, doubling its valuation to $11 billion in two months.

Source: TokenPost Original Title: Prediction market startup Calci raises an additional $1 billion…valuation doubles in two months Original Link: https://www.tokenpost.kr/news/tech/310704 The prediction market platform Kalshi successfully raised $1 billion (approximately 1.44 trillion Korean won) in its Series E funding round, achieving a valuation of $11 billion (approximately 15.84 trillion Korean won). This round attracted participation from top Silicon Valley investment firms including Paradigm, Sequoia Capital, Andreessen Horowitz, Merit Capital, IVP, Ark Invest, Antos Capital, CapitalG (a subsidiary of Google), and Y Combinator.

It is worth noting that Kalshi recently raised $300 million at a valuation of $5 billion just a month ago, and now its valuation has doubled. This rapid growth reflects the booming field of prediction markets. This comes after competitor Polymarket received a strategic investment of up to $2 billion from the Intercontinental Exchange (ICE), indicating that prediction market platforms are simultaneously gaining the attention of investors and large enterprises.

Kalshi claims to be the largest prediction market platform in the world, with a weekly trading volume exceeding $1 billion, representing a growth of over 1000% compared to 2024. As of now, Kalshi has raised a total of $1.6 billion (approximately 2.3 trillion Korean won).

The company was founded in 2019, starting in the Y Combinator winter batch, offering prediction and betting products covering various fields such as politics, finance, sports, and entertainment. Recently, the market performance around social hot topics such as interest rate changes, the results of the US elections, and celebrity news has been active, receiving widespread praise for its ease of use and entertainment value.

Prediction markets are gradually evolving from mere gambling platforms into collective intelligence decision-making tools. By reflecting public opinions on various events in real-time, they provide meaningful signal references for investors and policymakers, thus attracting significant attention to their social value.

Kalshi co-founder and CEO Tihan Seale emphasized that “the most accurate way to measure information flow and collective cognition is the market.” In the future, the Kalshi platform may expand into a predictive indicator tool for various financial products. The prediction market is emerging as the next trend in the technology industry, garnering high expectations from investors and users.