Kalshi raises $300 million investment…prediction market platform expands to over 140 countries

Decentralized prediction market platform Kalshi said it has raised a new investment of $300 million (about ₩426 billion) and will expand its service coverage to more than 140 countries.

According to the New York Times on the 10th (local time), Kalshi was valued at $5 billion through this round and plans to accelerate its global expansion as the prediction market industry expands into various fields such as politics, sports, and climate.

Kalshi is a leading prediction market platform that grew centered on political events, where users can bet on a variety of real-life topics such as election results, sporting events, and the weather.

Kalshi said, "In recent years, participation in prediction markets has become popularized, leading to a surge in inflows," and "we will strengthen market trust while maintaining a transparent and regulation-friendly structure."

The outlet added, "This announcement came in the same week that the parent company of competitor Polymarket disclosed it had secured investment from the parent company of the New York Stock Exchange (NYSE)," and "Polymarket is reported to be set to raise up to $2 billion in investment."