Kalshi raised $185M led by Paradigm at a $2B valuation; sources: Polymarket is completing a $200M+ investment led by Founders Fund at a ~$1B pre-money valuation
Prediction-Market Unicorn Hits $2 Billion Valuation Bogdan Patru / Bitcoin Insider : Prediction Market Kalshi Achieves Unicorn Status with $185 Raised at its $2B Evaluation, as BTC Bull Token Predicts a $250K Bitcoin Brenda Kanana / Cryptopolitan : Kalshi raised $185 million at a $2 billion valuation led by Paradigm and other top investors Martin Young / CryptoPotato : Crypto Prediction Platform Kalshi Valued at $2B After Latest Funding Round Mike Wheatley / SiliconANGLE : Prediction market startup Kalshi raises $185M as rival Polymarket closes on $200M round Liz Napolitano / Decrypt : Prediction Market Kalshi Notches $2 Billion Valuation With $185 Million Raise Nicholas Kitonyi / NFTgators : Prediction Market Startup Kalshi Raises $185M Series C Led by Paradigm Christopher Tepedino / Cointelegraph : Prediction market Kalshi raises $185M at $2B valuation — Report Dan Bernstein / Sportico : Kalshi, Polymarket Crack $1B Valuations, Ride Political Wave Yueqi Yang / The Information : Prediction Market Kalshi Hits $2 Billion Valuation in New Round Jacob Robbins / PitchBook : Betting startup Kalshi raised $185M at $2B valuation Julie Bort / TechCrunch : Kalshi closes $185M round as rival Polymarket reportedly seeks $200M Brian Danga / crypto.news : Kalshi crosses billion-dollar mark as DC's legal dust begins to settle Daniel Kuhn / The Block : Kalshi raising $185 million at $2 billion valuation in a Series C round led by Paradigm Liam ‘Akiba’ Wright / CryptoSlate : From FBI raids to unicorn status: Inside Polymarket's explosive new $1 billion valuation Martin Young / Cointelegraph : Polymarket set for $200M raise at $1B valuation: Reports Lucinda Shen / Axios : Pro Premium: First Look Oliver Knight / CoinDesk : Polymarket on the Verge of Raising $200M at $1B Valuation: Report MK Manoylov / The Block : Polymarket to close a $200 million fundraise at a $1 billion valuation: report Yueqi Yang / The Information : Polymarket Nears Funding at Over $1 Billion Valuation Led by Founders Fund X: Tarek Mansour / @mansourtarek_ : I'm excited to announce our $185M Series C valuing Kalshi at $2B. The round was led by Paradigm with participation from Sequoia, Multicoin, Peng Zhao, Neo, and Bond Capital. People choose to work at Kalshi not because of the money we've raised, but because of our ambition: [image] Alfred Lin / @alfred_lin : .@Kalshi is on one of the most impressive trajectories we have ever seen @sequoia. @mansourtarek_ & @luanalopeslara have assembled a team that uniquely blends Silicon Valley and Wall Street talent with the ambition and execution to fundamentally transform financial markets. Kyle Samani / @kylesamani : Incredibly excited to back Kalshi. On a path to become one of the most important companies in American finance Josh / @joshuaogundu : And prediction markets have not changed at all when it comes to the viability of the underlying business that they are ran on @cailen : Their partnership with @RobinhoodApp w/prediction markets solved their main barrier to entry / growth overnight (deposits, access, white-labeled experience). Find yourself an amazing distribution partner. @mikeippolito_ : I like this take on prediction markets. Polymarket and Kalshi have been saying prediction markets = news, which I don't think is totally true. They are a tool that journalists and curators will leverage to surface news. But make no mistake, they're powerful and here to stay. @tyler_did_it : First Polymarket, now Kalshi 💸 Two $1B prediction markets anointed this week Joe Weisenthal / @thestalwart : TWO THOUGHTS FROM LAST NIGHT: 1) Office landlords don't like socialism 2) Prediction markets are officially part of the news now. From today's newsletter: [image] LinkedIn: Sara Slane : Exciting day for Kalshi and our co-founders Tarek Mansour and Luana Lopes Lara! 🚀 Yueqi Yang : SCOOP: Polymarket, the world's largest prediction market, is finalizing raising more than $200 million in a round at over $1 billion valuation, according to sources. …