Kalshi Raises $1B at $11B Valuation, Partners with CNN and CNBC

Prediction market platform Kalshi raised $1 billion at an $11 billion valuation this week, the company announced on Dec. 5. The funding made co-founder Lopes Lara the world's youngest self-made female billionaire. Kalshi announced partnerships with Solana to migrate its prediction markets on-chain, became CNN's official prediction market partner with its data integrated into live broadcasts, and secured a deal with CNBC to integrate its data across television, digital and subscription platforms. Both Kalshi and Polymarket hit record monthly trading volumes in November.