Kalshi Raises $300M at $5B Valuation Under CFTC Oversight: Report

Kalshi, a U. S.-licensed prediction market supervised by the Commodity Futures Trading Commission (CFTC), has secured $300 million in fresh capital, bringing its valuation to $5 billion, The New York Times ￰0￱ news highlights the rapid ascent of prediction markets from niche financial experiments to global investment-grade platforms attracting major institutional ￰1￱ recently raised $300M+ at $5B from Sequoia, a16z, Paradigm and ￰2￱ then, we've grown over 3x, hit $50B of annualized volume, and became the largest prediction market in the ￰3￱ today…Kalshi goes global. 140+ countries. 1 liquidity ￰4￱ — Tarek Mansour (@mansourtarek_) October 10, 2025 Prediction Markets Enter the Spotlight Once a curiosity on the fringes of finance, prediction markets are now attracting millions of users wagering on everything from politics and sports to entertainment and global events.

Kalshi, one of the most prominent names in the sector, said it plans to open its platform to customers in more than 140 countries, expanding far beyond its ￰5￱ company’s fundraising announcement comes the same week as Polymarket, its chief rival, revealed that Intercontinental Exchange (ICE) — parent company of the New York Stock Exchange — intends to invest up to $2 billion in its ￰6￱ Growth and Investor Backing Kalshi is also on pace to record $50 billion in annualized trading volume, a sharp increase from about $300 million last year, according to data from ￰7￱ platform now commands more than 60% of global prediction-market activity, recently surpassing Polymarket.

“We did not expect this level of growth,” said Tarek Mansour, Kalshi’s co-founder and ￰8￱ surge has attracted heavyweight venture capital investors, including Sequoia Capital, Andreessen Horowitz, Paradigm, CapitalG, and Coinbase ￰9￱ new round, negotiated just two months after its previous one, more than doubled Kalshi’s ￰10￱ Bets and Retail Access Drive Expansion Kalshi’s entry into sports wagering — including complex bets known as parlays — has shaken up the traditional sports betting ￰11￱ of DraftKings and FanDuel’s parent company have both declined double digits amid concerns over competition. Additionally, Kalshi’s partnerships with Robinhood and Webull have allowed users to trade prediction contracts as seamlessly as they buy stocks, deepening mainstream ￰12￱ Questions Loom Despite CFTC approval, Kalshi faces pushback from ￰13￱ regulators who argue its sports-related contracts resemble unlicensed ￰14￱ have been filed in several states where online sports betting remains ￰15￱ remains confident, saying, “Every time there’s a new type of financial innovation, there’s always a series of questions around ￰16￱ there weren’t questions, what you’re doing is probably not meaningful or innovative enough.” As Kalshi’s global reach expands, its battle to balance innovation with compliance may define the future of the regulated prediction market industry.