Kalshi is a CFTC-regulated prediction market platform that enables users to trade event contracts on the outcomes of real-world events such as elections, sports, economics, and other binary questions, with prices reflecting implied probabilities.
According to rumors circulating in the crypto and venture community, Kalshi closed a Series B round, with secondary databases listing a $70 million equity raise on November 3, 2021 (confirmed via SEC Form D showing $69,999,989 sold to 14 investors) at an approximate $750 million valuation. Additional confirmation of a Series B close can also be found in reports noting a $100 million raise led by Sequoia Capital and Andreessen Horowitz at a $1 billion valuation.