A billion-dollar raise and a landmark media deal push prediction markets to America’s main stage.
Kalshi, one of the world’s largest prediction market company, is stepping squarely into America’s media and financial mainstream, securing a $1 billion Series E funding round and striking a sweeping partnership with CNN that will bring real-time prediction odds directly into national news coverage.
Kalshi Secures $1B Funding
Kalshi announced Tuesday it has raised $1 billion in a Series E round, pushing the fast-growing prediction-market platform to an $11 billion valuation.
The fundraising was led by Paradigm and drew in a heavyweight lineup of backers, including Sequoia, Andreessen Horowitz, Meritech Capital, IVP, ARK Invest, Anthos Capital, CapitalG, and Y Combinator.
It caps a year of explosive growth for the U.S.-based platform, which allows users to trade contracts tied to real-world events across politics, economics, culture, and more.
Kalshi says weekly trading volume now exceeds $1 billion, a more than tenfold jump from 2024, as millions of users participate in over 3,500 active markets.
What began as a niche experiment in 2018 has rapidly become a mainstream tool for anticipating outcomes that journalists, lawmakers, analysts, and everyday traders increasingly rely on.
CNN Partnership Brings Odds to the Newsroom
The company’s momentum is set to accelerate through its new partnership with CNN, the network’s most expansive integration of prediction-market data to date.
CNN will feature Kalshi’s live odds across television broadcasts, digital platforms, and social media, offering real-time probabilities alongside traditional reporting.
As part of the rollout, CNN will deploy a live event-probability ticker powered by Kalshi’s API, updating instantly as markets shift. Coverage will highlight odds related to politics, breaking news, culture, and weather. Notably, Kalshi’s highest-volume category, sports, was not included in the announcement.
Fueling the Next Phase of Expansion
Kalshi says the $1 billion infusion will support a major national expansion: onboarding tens of millions of new users, integrating with more brokerages, scaling its market offerings, and cementing additional media partnerships.
Why This Matters
By bringing prediction markets into one of the world’s most influential newsrooms, Kalshi is blurring the line between financial forecasting and public information.
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