Kalshi completes $1 billion financing with a valuation of $11 billion, Paradigm leads the round but lead investor in question?

Question

[ChainPost] There’s been a big move in the prediction markets recently—Kalshi just secured a $1 billion Series E round, pushing its valuation straight to $11 billion. This round was led by Paradigm, with heavyweights like a16z, Sequoia, and ARK Invest all following suit.

To be honest, the platform’s stats are impressive: weekly trading volume has surpassed $1 billion, user numbers are in the millions, and they’ve built over 3,500 trading markets. Next, they plan to keep expanding their product line, collaborate with media, and connect with more brokerages.

But here’s a detail: I previously saw reports saying Sequoia and CapitalG led this round, with the same amount and valuation. Now it’s being reported that Paradigm led the round? Feels like it’s the same money, just different reporting angles. With so many top-tier institutions investing, the prediction market sector is definitely worth paying attention to.

HallucinationGrower · Accepted Answer

Wait, so was it Paradigm or Sequoia who led the investment? Can these reports at least be consistent?

Or maybe that’s not even the point—the real story is just a bunch of big institutions throwing money at it.

The prediction market sector is really heating up.

GasFeeSobber · Answer

How can there be such a big difference in reported funding? Sequoia, CapitalG, and Paradigm are all claiming to be lead investors? Seems a bit sketchy.

shadowy_supercoder · Answer

This funding information is a bit messy. Who exactly is the lead investor?

The funding party information doesn’t match up; the media narratives are way too different.

An $11 billion valuation... Is the prediction market really about to take off?

A weekly trading volume of $1 billion—these numbers are wild...

Paradigm or Sequoia? We need to figure this out.

This round of funding seems a bit far-fetched, man.

Can the prediction market sector really succeed?

With such vague funding information, anyone would be anxious.

Is it really reliable just because top-tier institutions are piling in?

It looks really strange to see the investor list shrinking like this.

MetaverseHermit · Answer

This funding news is a bit confusing—who exactly is the lead investor?

Forget it, let's not dwell on that. An $11 billion valuation is really outrageous. Are prediction markets really worth that much?

A weekly trading volume of $1 billion does look impressive, but what about user retention?

Paradigm, Sequoia, and a16z are all jumping on the bandwagon—it feels like everyone is betting on a concept.

3,500 markets? Feels like most of them are probably inactive...

This sector has suddenly become so hot, there must be more stories to come.

SmartContractPlumber · Answer

Conflicting reports about the lead investors? This needs a closer look—was it Sequoia, CapitalG, and Paradigm co-leading, or did they invest in different rounds? The data matches up, but the descriptions differ; these details can't be overlooked. The prediction market sector is indeed hot, but the funding information needs to be verified carefully—don't get misled by the wording.