5 hours ago
Kalshi has raised implicit $100 cardinal astatine a valuation of $1 billion, according to a communicative from Bloomberg
Jun 25, 2025, 6:38 p.m.
Prediction marketplace Kalshi, a federally regulated rival to Polymarket, has raised much than $100 cardinal astatine a valuation of $1 billion, according to a study from Bloomberg.
This comes little than a time aft reports emerged that Polymarket was raising $200 cardinal astatine the aforesaid unicorn valuation, led by Peter Thiel's Founders Fund.
Publicly disposable information from Kalshi's API curated by Polymarket Analytics (not affiliated with Polymarket) shows that Kalshi has astir $113 cardinal successful existent progressive trading measurement crossed each unfastened markets, portion Polymarket has conscionable nether $600 million.
(Polymarket Analytics)
Kalshi present hosts much progressive markets than Polymarket, but remains down successful unfastened interest, a cardinal metric that reflects liquidity and trader condemnation successful prediction markets.
A Dune dashboard shows that Polymarket has astir 186,000 progressive traders.
Paradigm led Kalshi's latest round. The crypto-focused VC recently led the Series A circular for GTE, a decentralized speech (DEX) that looks to rival HyperLiquid successful speed.
In January, Donald Trump Jr. announced helium was joining Kalshi arsenic a elder advisor.
Sam Reynolds
Sam Reynolds is simply a elder newsman based successful Asia. Sam was portion of the CoinDesk squad that won the 2023 Gerald Loeb grant successful the breaking quality class for sum of FTX's collapse. Prior to CoinDesk, helium was a newsman with Blockworks and a semiconductor expert with IDC.
English (US) 