Kalshi just closed a major funding milestone. The event trading platform has secured $185 million in Series C funding, led by Paradigm. The Kalshi Series C round brings the company’s valuation up to $2 billion.

• Paradigm led the $185M Series C round, joined by Sequoia, Multicoin, Neo, Peng Zhao, and Bond Capital. The new funding will be used to expand Kalshi’s product offerings and scale operations in regulated event contracts.

• Kalshi now sits at a $2B valuation, a significant jump from its previous round. The company has positioned itself as a regulated platform for trading on real-world events, from economics to elections. It aims to build what it calls “the most important financial market on the planet.”

• CEO Tarek Mansour credited the team and community for bringing prediction markets into the mainstream. “What once felt impossible now looks inevitable,” he said. Kalshi has quickly become one of the fastest-growing companies in the sector.

• The company operates as a federally regulated exchange under CFTC oversight. This sets it apart from informal prediction platforms by providing a legal structure and compliance framework. The Kalshi Series C funding suggests growing investor confidence in this model.

• Kalshi plans to expand into new event categories and increase user access. The funding will also support infrastructure growth and broader market liquidity. Mansour emphasized that their mission, not just the capital, drives talent to the company.

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