Kalshi Partners with CNN as Official Prediction Market Source After Securing $1B Funding

Kalshi, a prediction markets platform, has made significant strides by partnering with CNN, which designates Kalshi as its official prediction markets partner. This partnership coincides with the successful completion of a $1 billion funding round, positioning the company at an impressive $11 billion valuation.

Key Takeaways

Kalshi has partnered with CNN as its official prediction markets source following a $1 billion funding round, valuing the company at $11 billion.
Viewers will see live updates of Kalshi’s real-time probabilities on CNN broadcasts, featuring an on-screen ticker.
The funding round led by Paradigm demonstrates strong investor confidence in prediction markets as reliable data sources.

Under the terms of the agreement, Kalshi's real-time market data will enhance CNN’s newsroom operations, aiding coverage of political, economic, and cultural events.

CNN personnel will access Kalshi's probability statistics, which reflect the market's pricing of potential outcomes based on user trading activities.

Kalshi Partners with CNN as Official Prediction Market Source After Securing $1B Funding

CNN to Introduce Kalshi-Driven Live Prediction Ticker

CNN will also incorporate a live ticker powered by Kalshi during coverage segments that utilize market data.

This initiative will be managed by CNN Chief Data Analyst Harry Enten, who specializes in integrating data-driven insights into political and social reporting.

Kalshi emphasizes that this collaboration aims to offer viewers clearer signals about emerging trends by demonstrating how markets are responding in real-time.

This announcement follows Kalshi's successful $1 billion Series E funding round, led by the crypto-centric investment firm Paradigm, with contributions from Sequoia Capital, Andreessen Horowitz, and ARK Invest.

This latest funding round more than doubles Kalshi's previous valuation of $5 billion from October.

Kalshi's CEO, Tarek Mansour, stated that markets are evolving into a new measure of public sentiment. He underscored that “Kalshi is replacing debate and opinion with markets and accuracy,” noting that users prefer insights influenced by price changes over mere speculation.

Kalshi Achieves Historic $4.5B Monthly Trading Volume

The new funding comes after a notable rise in activity on prediction platforms. Data from Token Terminal indicates that Kalshi achieved a record trading volume of $4.54 billion in November, surpassing October's $4.49 billion.

Currently, Kalshi reports weekly trading volumes exceeding $1 billion, showcasing a remarkable growth of over 1,000% compared to 2024.

Kalshi's closest rival, Polymarket, also reported strong results for November, with a monthly total of $3.76 billion after exceeding $3 billion in October.

Polymarket CEO Shayne Coplan recently highlighted that prediction markets are among the most reliable tools for forecasting real-world outcomes.

Additionally, Mike Novogratz’s Galaxy Digital is in discussions with both Polymarket and Kalshi about potential involvement as a liquidity provider, as on-chain betting on real-world events gains traction with both retail traders and large institutions.

Galaxy, known for offering crypto infrastructure and services to institutional clients, is set to act as a market-maker on these platforms, facilitating regular trading activities through consistent bids and offers.

On another note, Kalshi is currently dealing with a nationwide class action lawsuit asserting that the platform operates similarly to an unlicensed sportsbook, claiming it misrepresents pricing advantages in comparison to traditional betting markets. The company has not acknowledged any wrongdoing.