Kalshi surpasses Polymarkets in market activity with over 60% share

Online prediction market Kalshi has secured $300 million in a new funding round, valuing the company at $5 billion, surpassing Polymarkets in market activity ￰0￱ Capital and Andreessen Horowitz led the round, marking a significant milestone in the development of prediction markets. Paradigm, CapitalG, and Coinbase Ventures participated in the funding round, helping to drive the company’s valuation to more than double its initial market ￰1￱ funding round precedes Kalshi’s plans to expand the platform to a customer base in over 140 ￰2￱ surpasses Polymarkets in market activity with over 60% share Kalshi’s annual trading volume has grown to approximately $50 billion, a steep rise from roughly $300 million last ￰3￱ firm has realized increased activities across the political, sports, and event-based ￰4￱ to Dune Analytics, the online prediction market recently surpassed Polymarkets, a rival prediction firm, capturing over 60% of the global market share.