US-based forecasting platform Kalshi has completed another major round of funding to make its platform available in over 100 countries around the world.
Kalshi has completed a Series D financing round of over $300 million led by Sequoia Capital and Andreessen Horowitz (a16z), with participation from Paradigm, the company announced on Friday.
The platform is immediately available in over 140 countries, Kalshi said in a statement shared with Cointelegraph, adding that it has now become “the world’s only unified global forecast marketplace and has immediately added billions of new leads.”
The latest $300 raise comes months after Kalshi closed a separate $185 million financing round in June led by Paradigm and also included Sequoia.
$5 billion valuation
Kalshi’s Series D financing raised the company’s valuation to $5 billion, up $3 billion from its previous raise in June.
In addition to Sequoia, a16z and Paradigm, the modern funding round attracted additional investors including CapitalG, Coinbase Ventures, General Catalyst and Spark Capital.
Following the fundraising round that valued Kalshi at $5 billion, the platform also announced its international expansion with immediate entry into several modern markets.
“International users can now access the platform through the Kalshi website, providing an identical product experience to US users,” the company said.
38 countries are under restrictions
Addressing Cointelegraph, Kalshi did not immediately disclose the markets in which the platform is expanding, instead referring to the membership agreement that lists 38 jurisdictions with restrictions.
Among the countries subject to restrictions, the document lists Canada, France, Poland, Russia, Singapore, Taiwan, Thailand, Great Britain, Venezuela and others.
“Kalshi has emerged as a leading market forecasting platform and we are pleased to support it,” said Alex Immerman, Partner of a16z Growth Fund.
“Tarek and Luana have chosen the difficult but more responsible path to become the first CFTC-regulated forecast marketplace, and their market diversity, liquidity and infrastructure are built with scale in mind,” he added, highlighting the platform’s opportunity to become “the largest and most important financial marketplace.”
Kalshi’s news marks another milestone in a growing trend in forecasting markets, with its main rival Polymarket raising $2 billion on Tuesday from Novel York Stock Exchange owner Intercontinental Exchange. This strategic investment resulted in Polymarket’s post-money valuation of $9 billion.
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