Kalshi has successfully raised $1 billion in a new funding round, elevating its valuation to $11 billion. The prediction market platform, now active in over 140 countries, has experienced significant growth in trading volume and strategic partnerships. This funding round was led by Sequoia and CapitalG, following a recent $300 million raise at a $5 billion valuation. Despite a federal court victory against the CFTC, Kalshi continues to navigate legal challenges at the state level. The company has expanded its institutional presence through collaborations with Barchart and StockX, and has transitioned its USDC custody to Coinbase.