The New York Times: Kalshi completes $300 million financing at a valuation of $5 billion

ChainCatcher news, according to The New York Times, the prediction market platform Kalshi has completed a $300 million funding round at a valuation of $5 billion. The company also plans to announce that it will begin allowing customers from over 140 countries to place bets on its website.

Kalshi's rapid expansion has attracted the attention of venture capital firms, including Sequoia Capital, which first invested in the company in 2020, as well as new investor Andreessen Horowitz. Other investors in this funding round include Paradigm, CapitalG, and Coinbase Ventures. Although Kalshi just concluded its previous funding round in June, it initiated negotiations for a new round of funding in August, more than doubling the company's valuation.