Kalshi Secures $300M Series D Funding Led by A16z and Sequoia

Why It Matters

The infusion of $300 million positions Kalshi to become a dominant player in the emerging regulated prediction‑market space, potentially reshaping how investors hedge macro events and creating a new avenue for institutional capital.

Deal Summary

Prediction‑market platform Kalshi announced a $300 million Series D round that values the company at $5 billion. The round was co‑led by Andreessen Horowitz and Sequoia Capital with participation from Paradigm, Coinbase Ventures, General Catalyst, Spark Capital and CapitalG.