Startup profile · funding coverage
Kalshi
CFTC-regulated prediction-market exchange for event contracts.
Stage
growth
Status
private
Coverage
full
Why Kalshi is interesting
Kalshi is the leading regulated U.S. prediction market; Sequoia and a16z co-led its 2025 growth rounds.
Key facts
- Series D (Oct 2025): $300M+ co-led by Sequoia and a16z at $5B — TechCrunch
- Series E (Nov 2025): $1B led by Paradigm with Sequoia, a16z, CapitalG — press
- CFTC-regulated event-contract exchange — first federally regulated U.S. prediction market
Investors in our directory
Funds linked from Kalshi's profile — open a fund page for stage focus and related deal articles.
Industries
Fintech
Industry hub pages are rolling out from our fund-derived baseline taxonomy.
Related funding articles
Venture Capital Tracker pieces that cover Kalshi's financing or category context.
FAQs about Kalshi
Funding context and why this company shows up in venture coverage.
Kalshi is a CFTC-regulated exchange where users buy and sell event contracts tied to real-world outcomes like elections, economic data, and sports.
Sequoia (see /fund/sequoia) and Andreessen Horowitz (/fund/andreessen-horowitz) co-led the 2025 Series D; Coatue (/fund/coatue), General Catalyst (/fund/general-catalyst), Spark Capital (/fund/spark-capital), and Neo (/fund/neo) are among backers. Paradigm led the Series E but is not in our fund directory.
Kalshi raised a $1B Series E in November 2025 after a $300M+ Series D at a $5B valuation in October 2025.
Regulated prediction markets offer a new asset class for hedging and price discovery on events; Kalshi's CFTC license is a structural moat in the U.S.
Kalshi remains private as of July 2026.
Last updated: 2026-07-24