Prediction market Kalshi raised $1B led by Paradigm at an $11B valuation, up from $5B after its $300M Series D in October, making its co-founders billionaires
The fund-raising effort, the company's third this year, values it at $11 billion, and comes amid stiff competition in the increasingly popular industry.
Kalshi raised $1B at an $11B valuation. A decade ago, only a few thousand people knew what a prediction market was. Eighteen months ago, most prediction markets were banned - until we overcame the government to set them free. Over the past seven years, our community has opened [v…