Kalshi’s latest move cements its position as a major force in event-based trading. The company just wrapped up a USD 300 million (ca. EUR 258 million) series D round, hitting a USD 5 billion (ca. EUR 4.3 billion) valuation and announcing its long-awaited global rollout. This Kalshi global expansion opens access to users in more than 140 countries for the first time.

• The USD 300 million (ca. EUR 258 million) Series D was co-led by Andreessen Horowitz and Sequoia Capital, with additional backing from Paradigm, Coinbase Ventures, and CapitalG. Kalshi said the round was oversubscribed, with interest from both Silicon Valley and Wall Street investors.

• The Kalshi global expansion introduces a single, unified liquidity pool for prediction markets. Instead of separate regional markets, traders from 140+ countries can now interact in one global ecosystem.

• This unified model boosts liquidity and transparency, allowing deeper price discovery across events like elections, interest-rate decisions, sports, and climate trends. “Events don’t stop at borders, and now, neither does trading on them,” the company said.

• Kalshi’s trading activity has surged 200× over the past year, with its user base up 20×. The platform now represents over 60% of all global prediction-market activity, previously limited to the U.S.

• Kalshi plans to expand market depth, launch new types of event contracts, and build stronger links with institutional finance. It also aims to scale its infrastructure and grow its global team to support the next phase of event trading.

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