PANews reported on December 3rd that, according to Business Wire, prediction market platform Kalshi announced the completion of a $1 billion Series E funding round led by Paradigm, bringing its latest valuation to $11 billion. Other investors included a16z, Sequoia Capital, and ARK Invest. Kalshi boasts over $1 billion in weekly trading volume, millions of users, and has established over 3,500 trading markets. It will continue to expand its product offerings, media partnerships, and integration with more brokerages.

Previously, it was reported that Kalshi completed a $1 billion funding round at a valuation of $11 billion, led by Sequoia and CapitalG . The valuation and amount are consistent, suggesting the two reports refer to the same funding round.