US Betting Site 'Kalshi' Reaches $5 Billion Valuation with $300 Million Funding, Plans Expansion to 140 Countries

It was revealed on the 10th that the US prediction market platform Kalshi has completed a $300 million funding round. Participants in this round included Sequoia, Andreessen Horowitz, and Paradigm, bringing the company's valuation to $5 billion (approximately 762.2 billion yen). Kalshi CEO Tarek Mansour announced plans to use the raised funds to expand the business, currently operating solely in the US, to 140 countries. Since its launch in June 2021, the company has reached a cumulative trading volume of $10.5 billion, with $3.2 billion recorded in the past 30 days. This announcement comes as rival prediction market Polymarket is...