Overview
- Paradigm led the Series E with Sequoia, Andreessen Horowitz, CapitalG and others participating, confirming reports of an up-round just weeks after a $300 million raise at $5 billion.
- CNN named Kalshi its official prediction‑markets partner, with real‑time probabilities integrated into programming, a Kalshi‑powered on‑air ticker, and oversight by chief data analyst Harry Enten.
- Tokenized versions of Kalshi event contracts are live on Solana, with DFlow and Jupiter bridging the exchange’s off‑chain order book to on‑chain liquidity and enabling third‑party front ends.
- Kalshi launched a $2 million Builders Program to fund apps, tools and integrations that distribute its markets, part of a strategy to aggregate liquidity across on‑ and off‑chain venues.
- Recent data show Kalshi outpacing Polymarket in monthly trading volume (about $4.5 billion versus $3.76 billion in November, per Token Terminal), even as Polymarket re‑enters the U.S. and Nevada court rulings and class actions raise legal risks.