Funding Alert
Sequoia backs crypto prediction platform Kalshi’s $1b round
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ByStartupStory | December 3, 2025
Sequoia Capital has led a $1 billion funding round for Kalshi, a crypto prediction platform known for offering a wide range of event-based trading contracts. This latest investment underscores growing interest in crypto-native platforms that combine blockchain’s transparency with financial market innovation.
Kalshi enables users to trade on outcomes of real-world events ranging from economic indicators to entertainment and politics, providing a prediction market with the speed and security of blockchain technology. By allowing millions to hedge or speculate on event outcomes, Kalshi aims to democratize access to alternative data streams and risk management tools.
The $1 billion capital infusion will accelerate product development, global expansion, regulatory engagement, and user acquisition. Sequoia’s backing aligns with its strategic focus on disruptive fintech and blockchain startups poised to reshape capital markets and information flow.
Kalshi maintains regulatory compliance as a designated contract market with the Commodity Futures Trading Commission (CFTC), differentiating itself from unregulated decentralized prediction platforms. Its combination of regulatory oversight with decentralized infrastructure boosts institutional and retail confidence.
This investment represents Sequoia’s significant bet on crypto’s maturation, supporting platforms that fuse traditional derivatives frameworks with decentralized technologies to create new marketplaces for data-driven trading, risk transfer, and market discovery.
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