PANews reported on October 10th that the prediction market Kalshi plans to announce on Friday that it has raised over $300 million in a new round of funding, valuing the company at $5 billion, according to the New York Times. The company also plans to disclose that it will begin allowing customers in over 140 countries to place bets on its website. Kalshi's rapid expansion has attracted the attention of venture capital firms, including Sequoia Capital, which first invested in the company in 2020, and new investor Andreessen Horowitz. Other investors in this round include Paradigm, CapitalG, and Coinbase Ventures. Although Kalshi just closed its previous round of funding in June, it initiated negotiations for a new round of funding in August, more than doubling the company's valuation.