Kalshi raised $300 million with a valuation of $5 billion.

Kalshi's International Expansion

Kalshi, according to a report by the New York Times, has reached a valuation of $5 billion after securing $300 million in investment. This online prediction market has started offering access to users in over 140 countries. This is recorded as Kalshi's first major expansion in the international arena.

The company forecasts an annual $50 billion trading volume for this year. Last year's figure was $300 million. Kalshi now holds more than 60% of the global market share, surpassing its competitor Polymarket.

Investor Support and Regulatory Challenges

(Kalshi)'s financial growth is particularly driven by the increase in sports betting. It is putting significant pressure on betting platforms such as DraftKings and FanDuel Group. The investment round was backed by major investors including Sequoia Capital, Andreessen Horowitz, Paradigm, CapitalG, and Coinbase Ventures.

Kalshi has also made active trading more accessible by integrating with platforms such as Robinhood and Webull. However, regulatory oversight remains a significant challenge. Earlier this year, the company overcame a federal hurdle with the Commodity Futures Trading Commission (CFTC). However, it is facing lawsuits from several U.S. states alleging violations of sports betting laws.