1 hour ago
Kalshi secures a monolithic backing boost led by Paradigm, widening its pb implicit Polymarket arsenic trading volumes surge and some platforms prosecute caller capital.
Dec 2, 2025, 3:26 p.m.
Kalshi, a U.S.-based prediction market, has closed its $1 cardinal financing round, which has pushed its valuation to astir $11 billion, according to a press release.
The latest circular was led by Paradigm, with information from seasoned task superior firms including Sequoia Capital and CapitalG, Alphabet’s growth-equity arm. The quality of the rise broke past month, erstwhile TechCrunch reported the $1 cardinal raise.
Kalshi, which offers binary lawsuit contracts that let users to commercialized connected outcomes of aboriginal real-world events similar governmental races and legislation, overtook its rival Polymarket successful Q3, racking up $4.47 cardinal successful trading measurement compared to Polymarket's full of $3.5 bilion, according to TokenTerminal data.
"Kalshi is replacing debate, subjectivity, and speech with markets, accuracy, and truth," said Tarek Mansour, CEO of Kalshi. “We person created a caller mode of consuming and engaging with information. It’s hard to person an sentiment astir the aboriginal contiguous without reasoning astir Kalshi.”
The company, founded successful 2018 and the archetypal U.S.-regulated prediction market, besides raised $300 cardinal astatine a $5 cardinal valuation successful October amid plans to grow globally.
Rival Polymarket is besides successful talks to raise much capital. In October, it was reported that executives were successful talks with investors to sermon an concern that would worth the institution betwixt $12 cardinal and $15 billion.
Read more: Kalshi Launches Tokenized Event Bets connected Solana Blockchain: CNBC
More For You
Protocol Research: GoPlus Security
What to know:
- As of October 2025, GoPlus has generated $4.7M successful full gross crossed its merchandise lines. The GoPlus App is the superior gross driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol astatine $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 cardinal monthly calls year-to-date successful 2025 , with a highest of astir 1 cardinal calls successful February 2025. Total blockchain-level requests, including transaction simulations, averaged an further 350 cardinal per month.
- Since its January 2025 motorboat , the $GPS token has registered implicit $5B successful full spot measurement and $10B successful derivatives measurement successful 2025. Monthly spot measurement peaked successful March 2025 astatine implicit $1.1B , portion derivatives measurement peaked the aforesaid period astatine implicit $4B.
More For You
BNP Paribas Joins EU Bank Stablecoin Venture Helmed by Ex-Coinbase Germany Exec
The radical of 10 banks plans to present its euro stablecoin adjacent twelvemonth nether a caller Dutch entity named Qivalis.
What to know:
- BNP Paribas joins 9 large European banks processing a euro stablecoin successful a associated task called Qivalis
- Jan-Oliver Sell, a erstwhile enforcement of Coinbase Germany, tapped arsenic CEO for Qivalis.
- The task aims to connection an EU-based alternate to dollar-backed stablecoins.
English (US) 