The post Prediction Market Kalshi Hits $11 Billion Valuation appeared on BitcoinEthereumNews.com. Prediction market platform Kalshi has secured $1 billion in fresh funding, pushing its valuation to $11 billion. The move comes amid the rapid integration of prediction platforms into the mainstream. Users flock to these sites to wager on everything from elections and crypto prices to even daily temperature readings. Kalshi Hits $11 Billion Valuation After Record Latest Round Kalshi’s latest capital raise comes less than two months after the company secured $300 million at a $5 billion valuation. Citing people familiar with the matter, TechCrunch reported that the newest round was led by both previous backers and new investors. Sponsored Sponsored The returning investors included Sequoia and CapitalG. Andreessen Horowitz, Paradigm, Anthos Capital, and Neo joined them. Meanwhile, rival platform Polymarket is pursuing its own ambitious funding, targeting a $12 billion valuation. Kalshi has emerged as the leading prediction platform, overtaking Polymarket in September. However, the dominance has been recently challenged by Opinion. Dune Analytics data showed that the platform recorded a weekly notional volume of $1.46 billion. This was slightly higher than Kalshi’s $1.2 billion, while Polymarket trailed behind with less than $1 billion. Market Volume of Prediction Platforms. Source: Dune Still, Kalshi has continued to expand its presence. The platform now serves users in over 140 countries. According to the official data tracker, Kalshi’s cumulative transactions stand at over 68.4 million, with a cumulative trading volume exceeding $17 billion. Additionally, prediction markets continue to gain mainstream visibility, further bolstered by Google’s latest move. Google Finance has integrated real-time data from both Kalshi and Polymarket, marking a notable step in bringing event-based trading to a wider audience. Despite this growth, Kalshi faces escalating legal challenges. The platform operates as a federally regulated Designated Contract Market under the Commodity Futures Trading Commission. “Kalshi is regulated by the Commodity Futures Trading… The post Prediction Market Kalshi Hits $11 Billion Valuation appeared on BitcoinEthereumNews.com. Prediction market platform Kalshi has secured $1 billion in fresh funding, pushing its valuation to $11 billion. The move comes amid the rapid integration of prediction platforms into the mainstream. Users flock to these sites to wager on everything from elections and crypto prices to even daily temperature readings. Kalshi Hits $11 Billion Valuation After Record Latest Round Kalshi’s latest capital raise comes less than two months after the company secured $300 million at a $5 billion valuation. Citing people familiar with the matter, TechCrunch reported that the newest round was led by both previous backers and new investors. Sponsored Sponsored The returning investors included Sequoia and CapitalG. Andreessen Horowitz, Paradigm, Anthos Capital, and Neo joined them. Meanwhile, rival platform Polymarket is pursuing its own ambitious funding, targeting a $12 billion valuation. Kalshi has emerged as the leading prediction platform, overtaking Polymarket in September. However, the dominance has been recently challenged by Opinion. Dune Analytics data showed that the platform recorded a weekly notional volume of $1.46 billion. This was slightly higher than Kalshi’s $1.2 billion, while Polymarket trailed behind with less than $1 billion. Market Volume of Prediction Platforms. Source: Dune Still, Kalshi has continued to expand its presence. The platform now serves users in over 140 countries. According to the official data tracker, Kalshi’s cumulative transactions stand at over 68.4 million, with a cumulative trading volume exceeding $17 billion. Additionally, prediction markets continue to gain mainstream visibility, further bolstered by Google’s latest move. Google Finance has integrated real-time data from both Kalshi and Polymarket, marking a notable step in bringing event-based trading to a wider audience. Despite this growth, Kalshi faces escalating legal challenges. The platform operates as a federally regulated Designated Contract Market under the Commodity Futures Trading Commission. “Kalshi is regulated by the Commodity Futures Trading…