Regulated or Decentralized: Kalshi’s $11 Billion Boom Sparks a Prediction Market Frenzy

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Regulated or Decentralized: Kalshi’s $11 Billion Boom Sparks a Prediction Market Frenzy

Bitget-RWA2025/11/21 00:10

By:Bitget-RWA

- Kalshi's valuation jumped to $11B after a $1B funding round led by Sequoia and CapitalG, doubling from October 2025. - The CFTC-regulated platform competes with decentralized rival Polymarket, which targets $12B-$15B in its next funding. - Kalshi dominates 61.4% of prediction market trading volume, boosted by NYC election accuracy and subway ad campaigns. - Partnerships with Google Finance, Robinhood , and Barchart expand Kalshi's reach, contrasting Polymarket's crypto-centric innovations. - The $17.4B+

Kalshi's market value has

climbed to $11 billion

after securing $1 billion in new funding, with Sequoia Capital and CapitalG leading the round, as reported by several sources. This latest capital injection, revealed in late November 2025,

represents a dramatic increase

from its $5 billion valuation in October, highlighting rising investor optimism in the prediction market industry. Andreessen Horowitz, Paradigm, Anthos Capital, and Neo also joined the round, alongside returning backers Sequoia and CapitalG

according to sources

This funding arrives as Kalshi broadens its reach to 140 countries and

faces off against competitor Polymarket

, which is reportedly aiming for a valuation between $12 billion and $15 billion in its upcoming fundraising.

Regulated or Decentralized: Kalshi’s $11 Billion Boom Sparks a Prediction Market Frenzy image 0

Kalshi’s regulated structure, overseen by the Commodity Futures Trading Commission (CFTC),

sets it apart from Polymarket’s decentralized

model. Both companies have experienced rapid expansion in 2025, with their combined trading activity surpassing $17.4 billion since September,

according to DeFiLlama

. Kalshi leads the sector,

accounting for 61.4% of total trading volume

during this timeframe.

Competition in the prediction market arena has intensified,

especially after both platforms gained recognition

for accurately forecasting the outcome of the New York City mayoral election in November 2025. Kalshi’s promotional strategies, including subway advertisements during the election,

further increased its public profile

. Meanwhile, Polymarket re-entered the U.S. market in beta after regulatory setbacks in 2022 and

landed major partnerships

with organizations such as the UFC, NHL, and Elon Musk’s xAI.

Kalshi’s recent collaborations with platforms like Google Finance, Robinhood, and MetaMask have

broadened its reach

to both individual and institutional investors. The firm also revealed a partnership with Barchart,

a top provider of market data

, to incorporate its prediction market insights into Barchart’s suite of tools and services. This partnership

seeks to improve financial decision-making

by integrating real-time, event-driven probability data.

The sharp rise in valuation mirrors wider trends in the prediction market field, which has drawn significant venture capital attention. Kalshi’s CFTC-compliant framework

provides regulatory certainty

, making it attractive to institutional investors concerned about the legal uncertainties of decentralized models. Meanwhile, Polymarket continues to innovate with features such as

Bitcoin

deposits and

upcoming plans for a native token

and stablecoin.

As both companies compete for leadership, their approaches illustrate the contrast between regulated and decentralized financial innovation. Kalshi emphasizes fiat access and regulatory adherence, while Polymarket pursues a blockchain-based, crypto-first strategy

according to sources

. The competition for market dominance and investor capital is

expected to intensify

as prediction markets become more integrated into mainstream finance.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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