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Kalshi, the AI-powered prediction market platform, has raised a $185M Series C round led by Paradigm, with backing from Sequoia, Citadel’s Peng Zhao, Bond Capital, Multicoin, and Neo. The round pushes Kalshi’s valuation to $2B as it accelerates its mission to make event forecasting a mainstream financial instrument.
• Offers tradable contracts on events like elections, inflation, Fed decisions, and weather
• Fully regulated by the CFTC — a key differentiator from crypto-native prediction markets
• Targets individuals and institutions looking to hedge or profit from macro volatility
• Saw massive traction during U.S. midterms and 2024 election run-up
• Positioned as a data-rich alternative to polls and analyst forecasts
• Riding a wave of renewed interest in predictive markets, alongside players like Polymarket
• Founded by MIT alums Tarek Mansour and Luana Lopes Lara in 2018
• Recently won a major court battle vs. the CFTC to enable political event trading
• Paradigm’s backing signals confidence in Kalshi’s long-term regulatory defensibility
Prediction markets are evolving into serious financial infrastructure—and Kalshi is building the rails for institutional-grade forecasting.
