Kalshi raises 300 million dollars to expand the prediction market to 140 countries.

The U.S. prediction exchange Kalshi just raised over 300 million USD in a Series D round led by Sequoia Capital and Andreessen Horowitz (a16z), bringing its valuation to 5 billion USD. Other investors include Paradigm, CapitalG, Coinbase Ventures, General Catalyst, and Spark Capital. This funding round comes just a few months after Kalshi raised 185 million USD in June.

Kalshi announced that the platform has expanded to over 140 countries, becoming the “only global prediction market” and adding billions of potential users. However, 38 countries are restricted, including Canada, France, Russia, Singapore, Taiwan, Thailand, and the UK.

According to a16z, Kalshi is emerging as a leading prediction platform with the advantage of being regulated by the CFTC. This move comes after Polymarket was invested in by the Intercontinental Exchange, raising its valuation to 9 billion USD.