US-based prediction marketplace Kalshi has closed another major funding round to bring its platform to more than 100 countries around the world.
Calci has completed a more than $300 million Series D funding round led by Sequoia Capital and Andreessen Horowitz (a16z), with participation from Paradigm, the company announced on Friday.
The platform is immediately available in more than 140 countries, Calci said in a statement shared with Cointelegraph, adding that it has now emerged as “the world’s only unified global forecasting marketplace and instantly added billions of new leads.”
The latest $300 million raise came months after Kalshi closed a separate $185 million funding round in June, which was led by Paradigm and in which Sequoia also participated.
Valuation: $5 billion
Calci’s Series D financing brought the company’s valuation to $5 billion, up $3 billion from the previous raise in June.
In addition to Sequoia, a16z, and Paradigm, the new funding round attracted additional investors, including CapitalG, Coinbase Ventures, General Catalyst, and Spark Capital.
Following a fundraising round that valued Kalshi at $5 billion, the platform also announced its international expansion with immediate launches in several new markets.
“International users can now access the platform via the Kalshi website with a similar product experience to US users,” the company said.
38 countries banned
When contacted by Cointelegraph, Calci did not immediately reveal which markets the platform was expanding into, instead pointing to the member agreement that Lists 38 restricted jurisdictions.
Among the restricted countries, the document lists Canada, France, Poland, Russia, Singapore, Taiwan, Thailand, the United Kingdom, Venezuela, and others.
“Kalshi has emerged as a leading platform for the prediction market, and we are thrilled to support them,” said Alex Emerman, Growth Fund Partner at a16z.
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“Tariq and Louana have chosen the difficult but most responsible path to become the first CFTC-regulated prediction market, and their market breadth, liquidity and infrastructure are designed to scale,” he added, highlighting the platform’s opportunity to become “the largest and most important financial market.”
Calci’s news marks another milestone in the growing trend of prediction markets, as its main competitor, Polymarket, raised $2 billion from Intercontinental Exchange, which owns the New York Stock Exchange, on Tuesday. The strategic investment put Polymarket’s post-money valuation at $9 billion.
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