Kalshi Raises $100M, Hits $1B Valuation Amid Paradigm Push

- Kalshi secures fresh funding; Paradigm leads the investment, underscoring regulated prediction market growth. - The milestone showcases investor confidence in the evolving U.S. prediction market landscape. On June 25, 2025, Bloomberg reported that Kalshi secured $100 million in funding, a round led by venture capital firm Paradigm. This investment pushed Kalshi's valuation past $1 billion, positioning the U.S.-based federally regulated prediction market as an emerging leader in its sector. Furthermore, this development reaffirms growing investor confidence in prediction platforms, even amidst shifting market dynamics since the 2024 U.S. elections. Paradigm has a history of supporting Kalshi, having previously backed its legal efforts to gain Commodity Futures Trading Commission (CFTC) approval for listing congressional race contracts. As Paradigm is heavily invested in Kalshi's success, it also led this latest funding round. In contrast to other prediction markets like Polymarket, which remain unregistered with the CFTC and unavailable to U.S. users, Kalshi’s compliance and regulatory milestones afford it a key advantage in the landscape. This funding round builds upon Kalshi’s previous financial achievements, which include its $30 million Series A round in 2021 and additional short-term loans secured in late 2024. Meanwhile, competitor Polymarket is allegedly close to raising funding at a comparable valuation. On June 25, The Block reported that this signals broader market activity across industry players. According to CoinMarketCap data on June 25, as of 12:00 UTC, Ethereum (ETH) was trading at $2,145. This price reflected a 3.1% increase in 24-hour trading volume.