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Regulated or Decentralized: Kalshi’s $11 Billion Boom Sparks a Prediction Market Frenzy

Regulated or Decentralized: Kalshi’s $11 Billion Boom Sparks a Prediction Market Frenzy

Bitget-RWA2025/11/21 00:10
By:Bitget-RWA

- Kalshi's valuation jumped to $11B after a $1B funding round led by Sequoia and CapitalG, doubling from October 2025. - The CFTC-regulated platform competes with decentralized rival Polymarket, which targets $12B-$15B in its next funding. - Kalshi dominates 61.4% of prediction market trading volume, boosted by NYC election accuracy and subway ad campaigns. - Partnerships with Google Finance, Robinhood , and Barchart expand Kalshi's reach, contrasting Polymarket's crypto-centric innovations. - The $17.4B+

Kalshi's market value has

after securing $1 billion in new funding, with Sequoia Capital and CapitalG leading the round, as reported by several sources. This latest capital injection, revealed in late November 2025, from its $5 billion valuation in October, highlighting rising investor optimism in the prediction market industry. Andreessen Horowitz, Paradigm, Anthos Capital, and Neo also joined the round, alongside returning backers Sequoia and CapitalG .

This funding arrives as Kalshi broadens its reach to 140 countries and

, which is reportedly aiming for a valuation between $12 billion and $15 billion in its upcoming fundraising.
Regulated or Decentralized: Kalshi’s $11 Billion Boom Sparks a Prediction Market Frenzy image 0
Kalshi’s regulated structure, overseen by the Commodity Futures Trading Commission (CFTC), model. Both companies have experienced rapid expansion in 2025, with their combined trading activity surpassing $17.4 billion since September, . Kalshi leads the sector, during this timeframe.

Competition in the prediction market arena has intensified,

for accurately forecasting the outcome of the New York City mayoral election in November 2025. Kalshi’s promotional strategies, including subway advertisements during the election, . Meanwhile, Polymarket re-entered the U.S. market in beta after regulatory setbacks in 2022 and with organizations such as the UFC, NHL, and Elon Musk’s xAI.

Kalshi’s recent collaborations with platforms like Google Finance, Robinhood, and MetaMask have

to both individual and institutional investors. The firm also revealed a partnership with Barchart, , to incorporate its prediction market insights into Barchart’s suite of tools and services. This partnership by integrating real-time, event-driven probability data.

The sharp rise in valuation mirrors wider trends in the prediction market field, which has drawn significant venture capital attention. Kalshi’s CFTC-compliant framework

, making it attractive to institutional investors concerned about the legal uncertainties of decentralized models. Meanwhile, Polymarket continues to innovate with features such as deposits and and stablecoin.

As both companies compete for leadership, their approaches illustrate the contrast between regulated and decentralized financial innovation. Kalshi emphasizes fiat access and regulatory adherence, while Polymarket pursues a blockchain-based, crypto-first strategy

. The competition for market dominance and investor capital is as prediction markets become more integrated into mainstream finance.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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