Kalshi, a New York-based prediction market platform, has successfully raised $1 billion in a Series E funding round, achieving a valuation of $11 billion. The funding was led by Paradigm, with significant contributions from Sequoia and Andreessen Horowitz. This capital injection is intended to expand Kalshi's market presence, enhance its product offerings, and promote widespread consumer adoption. CEO Tarek Mansour highlighted the company's goal to transform subjective debates into data-driven market accuracy. The funds will also support integration with brokers and scaling customer reach, positioning prediction markets as a novel financial asset class.