Kalshi Raises $2 billion Funding Round
Kalshi raised US$1 billion at a US$11 billion valuation in December, while Polymarket was valued at US$9 billion after Intercontinental Exchange committed up to US$2 billion. Polymarket is reportedly seeking a valuation of over US$20 billion in its latest funding round.
What it does
Kalshi raised US$1 billion at a US$11 billion valuation in December, while Polymarket was valued at US$9 billion after Intercontinental Exchange committed up to US$2 billion. Polymarket is reportedly seeking a valuation of over US$20 billion in its latest funding round.
Traction
Founders Fund earlier this year participated in the latest tracked round; deeper traction analysis is held until source support is strong enough.
Trend impact
MD-grade thesis held: available source material is not specific enough to support a non-generic investor-economist read without overclaiming.
Funding history
- August 4, 2026 · Funding Round · $2 billion · Founders Fund earlier this year
- May 7, 2026 · Series F · $1 billion · undisclosed investors
- October 10, 2025 · Unknown · $300 million · undisclosed investors
- February 17, 2021 · Series A · $30 million · Sequoia - Kalshi Kalshi
- Recent · Series E · $11 billion · Paradigm