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Kalshi Lands CNN Partnership and $11 Billion Valuation in Major Prediction Market Push

MarketDash Editorial Team
5 days ago
The prediction markets platform announced a strategic partnership with CNN and closed a $1 billion funding round, bringing its valuation to $11 billion as it competes with Polymarket for market dominance.

CNN Gets Real-Time Market Predictions

Kalshi is making a big push into mainstream media. The prediction markets platform announced Tuesday that it's partnering with CNN to become the network's official prediction markets partner. The timing coincides with some serious fundraising news: Kalshi just closed a $1 billion Series E round that values the company at $11 billion.

Here's how the CNN deal works: Kalshi will provide CNN's newsroom, data teams, and production staff with real-time probability data on upcoming cultural and political events. Think of it as bringing the wisdom of crowds directly into cable news. The data will show up across CNN programming, including a Kalshi-powered real-time ticker during segments featuring the platform's insights.

Harry Enten, CNN's Chief Data Analyst, will spearhead the integration. Kalshi's platform has attracted a wide-ranging audience—reporters, politicians, pundits, Wall Street traders, and everyday retail participants all placing bets on future events.

Billion-Dollar Backing

The $1 billion funding round was led by Paradigm, with a notable roster of participants including Sequoia, Andreessen Horowitz, Meritech Capital, IVP, ARK Invest, Anthos Capital, CapitalG, and Y Combinator. At $11 billion, Kalshi is clearly positioning itself as a major player in the prediction markets space, competing head-to-head with Polymarket.

Expansion and Legal Turbulence

Kalshi hasn't been sitting still. The platform recently launched tokenized predictions on the Solana network, enabling on-chain trading of its contracts and tapping into billions in liquidity through Solana DeFi protocols like DFlow and Jupiter.

Last month, Alphabet's Google (GOOG) (GOOGL) integrated prediction market data from both Polymarket and Kalshi into Google Finance, initially rolling it out to Google Labs users. The move makes sense—together, these platforms handle over $4 billion in monthly notional volume, dominating the prediction market landscape.

But it hasn't all been smooth sailing. Kalshi recently hit a legal speed bump when a federal judge overturned a key court victory. The ruling determined that sporting event contracts aren't regulated by the CFTC. A Nevada court revoked a preliminary injunction that had prevented state regulators from classifying Kalshi's sports contracts as illegal gambling, finding that such contracts fall outside federal jurisdiction. The court warned that Kalshi's legal interpretation could disrupt longstanding gaming regulations.

Despite the legal setback, Kalshi's aggressive expansion strategy and massive valuation suggest the company sees a clear path forward in bringing prediction markets to mainstream audiences.

Back to News

Kalshi Lands CNN Partnership and $11 Billion Valuation in Major Prediction Market Push

MarketDash Editorial Team
5 days ago
The prediction markets platform announced a strategic partnership with CNN and closed a $1 billion funding round, bringing its valuation to $11 billion as it competes with Polymarket for market dominance.

CNN Gets Real-Time Market Predictions

Kalshi is making a big push into mainstream media. The prediction markets platform announced Tuesday that it's partnering with CNN to become the network's official prediction markets partner. The timing coincides with some serious fundraising news: Kalshi just closed a $1 billion Series E round that values the company at $11 billion.

Here's how the CNN deal works: Kalshi will provide CNN's newsroom, data teams, and production staff with real-time probability data on upcoming cultural and political events. Think of it as bringing the wisdom of crowds directly into cable news. The data will show up across CNN programming, including a Kalshi-powered real-time ticker during segments featuring the platform's insights.

Harry Enten, CNN's Chief Data Analyst, will spearhead the integration. Kalshi's platform has attracted a wide-ranging audience—reporters, politicians, pundits, Wall Street traders, and everyday retail participants all placing bets on future events.

Billion-Dollar Backing

The $1 billion funding round was led by Paradigm, with a notable roster of participants including Sequoia, Andreessen Horowitz, Meritech Capital, IVP, ARK Invest, Anthos Capital, CapitalG, and Y Combinator. At $11 billion, Kalshi is clearly positioning itself as a major player in the prediction markets space, competing head-to-head with Polymarket.

Expansion and Legal Turbulence

Kalshi hasn't been sitting still. The platform recently launched tokenized predictions on the Solana network, enabling on-chain trading of its contracts and tapping into billions in liquidity through Solana DeFi protocols like DFlow and Jupiter.

Last month, Alphabet's Google (GOOG) (GOOGL) integrated prediction market data from both Polymarket and Kalshi into Google Finance, initially rolling it out to Google Labs users. The move makes sense—together, these platforms handle over $4 billion in monthly notional volume, dominating the prediction market landscape.

But it hasn't all been smooth sailing. Kalshi recently hit a legal speed bump when a federal judge overturned a key court victory. The ruling determined that sporting event contracts aren't regulated by the CFTC. A Nevada court revoked a preliminary injunction that had prevented state regulators from classifying Kalshi's sports contracts as illegal gambling, finding that such contracts fall outside federal jurisdiction. The court warned that Kalshi's legal interpretation could disrupt longstanding gaming regulations.

Despite the legal setback, Kalshi's aggressive expansion strategy and massive valuation suggest the company sees a clear path forward in bringing prediction markets to mainstream audiences.