Kalshi, a bewilderment of a company, has somehow convinced investors to throw $1 billion at it like confetti, now claiming a $11 billion valuation. Sequoia and CapitalG, those top-tier treasure hunters, led the charge-because nothing says “prudent investment” like betting on a platform where people gamble about politics. 🤑
Kalshi, a digital bazaar where humans trade in guesses and hope, has pulled off a financial juggling act, securing $1 billion in a round that makes its worth $11 billion, according to whispers from Techcrunch on Nov. 20, 2025. The round was masterminded by Sequoia and CapitalG (old friends of Kalshi) and joined by other venture-capital wizards like Andreessen Horowitz and Paradigm. This follows a previous round in October that valued the company at a modest $5 billion-a price tag that now seems quaint as a teacup elephant. 🐘
Kalshi lets folks in 140 countries bet on events like “Will the mayor wear a hat?” or “Will this company survive another legal storm?” Its recent popularity spike? Well, it correctly predicted elections-like a soothsayer with a spreadsheet-and then capitalized on the New York mayoral race with marketing so aggressive, it probably made squirrels pause their nut-gathering. Yet, despite its CFTC victory (a legal “hooray!” that kept Americans playing), Kalshi still dodges lawsuits like a caffeinated squirrel dodges raindrops. 🧨
Read More: Kalshi Raises $300 Million Reaching a $5 Billion Valuation as Prediction Markets Go Mainstream
FAQ 🧭
How Much Cash Did Kalshi Snatch? – $1 billion, with a side of $11 billion valuation, per Techcrunch on Nov. 20, 2025.
Who Are the Treasure Hunters? – Sequoia and CapitalG, with a posse including a16z and Paradigm, because nothing says “risk” like throwing money at uncertainty. 🐀
Why’s Kalshi So Popular? – Because $50 billion in annualized trading volume sounds impressive until you realize it’s just people betting on chaos. 🎲
Is Kalshi Legally Doomed? – Possibly! It won a CFTC battle but still faces lawsuits from states that dislike its “gambling meets democracy” vibe. 🧾
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2025-11-21 12:29