Kalshi closes $185M round as rival Polymarket reportedly seeks $200M | TechCrunch

Image for article Kalshi closes $185M round as rival Polymarket reportedly seeks $200M | TechCrunch
News Source : TechCrunch

News Summary

  • Kalshi just raised a $185 million round, led by crypto-focused VC firm Paradigm
  • This news comes one day after Bloomberg reported that Kalshi’s biggest but regulatory-troubled rival Polymarket is raising $200 million at around a $1 billion pre-money valuation
  • The Wall Street Journal was first to report on the round
Kalshi just raised a $185 million round, led by cryptofocused VC firm Paradigm, bringing the companys valuation to $2 billion postmoney, representatives from Paradigm and Kalshi confirmed to TechCr [+2329 chars]

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