Kalshi Raises $1B At $11B Valuation, CNN Announces Integration

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Kalshi raised $1 billion at a valuation of $11 billion as CNN announced it would incorporate prediction market data across its news coverage.

This is as competition in the field of prediction markets intensifies, especially in the United States, while the field of digital assets as a whole benefits from the pro-cryptocurrency stance adopted by President Donald Trump and his administration.

Calci closes a $1 billion financing round

Confirming an earlier report by TechCrunch, Kalci recently said statement It closed a $1 billion Series E round at a valuation of $11 billion.

The round was led by cryptocurrency-focused Paradigm, and also saw participation from companies such as Sequoia, Andreessen Horowitz and Cathie Wood’s ARK Invest.

The latest raise doubles Calci’s $5 billion valuation that it acquired during a $300 million funding round in October.

Kalci said the latest funding will be used to integrate with more brokerages, form partnerships with news organizations, and expand its offerings.

Expectations of increased market volume in November

The increase also comes amid rising trading volumes for Kalshi and its rival Polymarket. Both platforms recorded record levels of activity in November after becoming more widely adopted through a series of integrations.

Kalshi’s volume rose to $5.54 billion in November. This was more than the record $4.49 billion set in October. Data From Token Terminal offers.

Calci also said its trading volumes have risen by about 1,000% since 2024, and activity now exceeds $1 billion per week.

Kalshi moved ahead of its main competitor, Polymarket, which recorded an all-time high new volume (ATH) of $3.76 billion last month. This was up slightly from the $3 billion in activity the previous month, which was the previous record.

Kalshi and Polymarket see record volumes in November (Source: Token Terminal)

However, Calci’s dominance in terms of volumes may soon be challenged as Polymarket returns to the US market.

CNN exploits Kalshi to obtain forecast market data

Kalshi volumes could increase further as CNN has appointed the forecasting platform as its official data partner. The cooperation that was Announce On Tuesday, Kalshi data on real-time probabilities across political, cultural and economic events will be brought into CNN’s programming and newsroom workflow.

The network plans to build Kalshi’s forecasts into on-air analysis and offer a live ticker showcasing the latest implied odds in the market across segments using the data.

CNN’s merger with Kalshi will be led by Harry Enten, the network’s chief data analyst who also specializes in probability-based polls and reporting.

This represents the latest integration between a major company and a prediction market platform.

Symbolic predictions powered by Kalshi are now available @Solana

$2 million+ in open construction grants, @Axiom Exchange It’s next, more series coming soon.

Welcome to the era of “Powered by Kalshi”. pic.twitter.com/0zlNoyZNDA

-Kalshi (@Kalshi) December 1, 2025

Google recently announced that it will be connecting both Kalshi and Polymarket to display their data in its Google Finance and Search products.

Likewise, the NHL announced multi-year deals with both Kalshi and Polymarket as well, naming the two as official prediction markets partners.

Sports and fantasy sports company AwardPicks has also announced a multi-year partnership with Kalshi which will see it enhance its prediction markets offering. This is similar to the arrangement between Calcci and Robinhood. The latter also said in its latest earnings call that its prediction markets offering is one of its fastest growing businesses.

Meanwhile, reports began circulating that Galaxy Digital is in talks with both platforms to become a liquidity provider.

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