Kalshi Pulls in $300M and Rockets to a $5B Valuation

Kalshi just closed a major funding round worth $300 million, lifting the platform’s valuation to around $5 billion. That’s a serious leap and shows that investors are betting big on where prediction markets might go next. Some heavyweight names are behind the raise, including Sequoia Capital, Andreessen Horowitz, and Coinbase Ventures.

The numbers behind the platform’s growth are just as eye-catching. Weekly trading volume recently passed the $1 billion mark, which is more than triple what it was just a year ago. Kalshi has also expanded globally, now serving users in over 140 countries. Its presence in the prediction market space has gone from a small sliver to dominating over half the market. On top of that, it’s pushing into sports contracts like NFL-related bets to keep users engaged and coming back.

Betting on Real-World Events Is Getting Serious

Prediction markets are having a moment, and Kalshi’s raise is just one part of the story. These platforms let people place trades based on the outcome of real-world events. It’s an area where speculation meets actual data, and that combination is drawing more attention from investors.

Top 7 Funding Rounds of This Week@Polymarket – $2B@IREN_Ltd – $875M@Kalshi – $300M@ddcbtc_ – $124M@meanwhilelife – $82M@AmdaxNL – $35M@TryBeeMaps – $32M

https://t.co/aRpRlsM4pB pic.twitter.com/pBmYKdxFgh

— Fundraising Digest (@CryptoRank_VCs) October 10, 2025

One of the reasons these markets are so appealing is that they’re able to dodge some of the heavier regulations that traditional betting companies have to deal with. That gives them more flexibility to grow quickly and keep costs low. Some critics have even called it untaxed gambling, and that label points to the kind of profit margins these platforms can achieve if volume continues to rise.

Still, with scale comes scrutiny. As more money pours in and more users start trading, questions around regulation will become harder to avoid. Kalshi will need to tread carefully as it grows across new regions and starts dealing with higher-stakes topics.

Bitcoin Miners Are Now Eyeing the AI Gold Rush

Away from the world of markets and contracts, Bitcoin miners are starting to explore a very different kind of opportunity. Some of them are realizing that their massive power setups and energy contracts aren’t just good for mining tokens. They’re also a solid foundation for running AI and high-performance computing tasks.

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This trend is gaining momentum. One example is Bitfarms, which recently turned a $300 million debt facility into funding for its Panther Creek data center. That move signals a shift. Miners are no longer just focused on hashing power. They’re starting to think more like infrastructure providers who can serve both crypto and AI demands, depending on what’s more profitable at the time.

It makes sense. When the crypto market cools down, those same facilities can be used to power AI systems instead. That kind of flexibility could become a major advantage, especially as energy costs rise and demand for AI compute grows.

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What It All Means Moving Forward

Kalshi’s massive fundraiser shows that prediction markets are stepping into the mainstream. But now comes the harder part. The platform has to scale responsibly, stay ahead of regulatory pressure, and prove that this model can last over the long term.

On the other side, Bitcoin miners are showing that they’re more than just crypto players. By pivoting into AI, they’re turning old mining setups into adaptable data hubs. If they pull it off, they could end up at the heart of two booming industries.

What ties both stories together is the way old systems are being reimagined. Financial markets, energy infrastructure, and data centers are all getting new life in this next phase of digital innovation.

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Key Takeaways

Kalshi raised $300 million, pushing its valuation to $5 billion and signaling that prediction markets are moving into the financial mainstream.
Weekly trading volume on Kalshi has surged past $1 billion, showing strong user growth and expanding global reach across more than 140 countries.
Prediction markets offer flexibility by avoiding many of the regulatory constraints of traditional betting, but growing scale will bring increased scrutiny.
Bitcoin miners are pivoting toward AI and high-performance computing, using their existing energy infrastructure to power new revenue streams.
Both Kalshi and Bitcoin miners reflect how established systems are being repurposed for new opportunities in finance, data, and digital infrastructure.

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