Kalshi Secures $5 Billion Valuation, Plans Overseas Push (1)

Predictions marketplace Kalshi Inc. secured a $5 billion valuation in its latest funding round, more than double the amount cited during its previous fund raising effort just months ago.

Kalshi raised more than $300 million in a fresh round of investment, backed by the likes of Sequoia Capital and Andreessen Horowitz, a spokesperson confirmed in an email to Bloomberg News. The New York Times first reported the investment.

The platform, which allows customers to trade contracts tied to the outcomes of real-world events like sports and economic announcements, will also expand its offering beyond the US to more than 140 ...