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- Kalshi partners with CNN to provide real-time market data for political and cultural coverage.
- $1B Series E funding boosts Kalshi’s valuation to $11B, signaling strong investor confidence.
- Trading volume surges by 1,000%, reaching a record $4.54 billion in November.
Kalshi, a prominent prediction markets platform, has also become a key partner of CNN, becoming its official prediction markets partner. The agreement will enable Kalshi to implement its real-time market information in CNN political, economic, and cultural news reporting. This is a major move as far as Kalshi is concerned in its quest to control the prediction market space.
Under the agreement, the newsroom of CNN would access the probability data of Kalshi, which quantifies how users price future events according to trade users. This information will be incorporated when CNN reports on significant events, and give the real-time information.
Kalshi’s Real-Time Data Enhances CNN’s Trend Analysis
The market data provided by Kalshi will be provided in a live ticker and this will be used across the segments where viewers can understand the market trends in real time. For the collaboration, CNN Chief Data Analyst Harry Enten, one of the leading specialists in utilizing data knowledge related to political coverage, will supervise the collaboration.
The partnership will provide CNN audience with better signals on trends on the rise. Kalshi assists in presenting a better picture of the future by displaying real-time market reaction. Kalshi CEO Tarek Mansour said that markets are substituting traditional reporting that is based on opinion. He has noted that Kalshi is substituting debate and opinion with markets and accuracy, as he emphasizes the importance of forecasting with data.
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Besides the partnership, Kalshi has also raised a $1 billion Series E round. Paradigm, an investment firm specializing in crypto, was the first to lead the round, followed by Sequoia Capital, Andreessen Horowitz, and ARK Invest.
Trading Volume Surges 1,000% as Valuation Reaches $11B
This round of funding is worth over $11 billion to Kalshi which was worth $5 billion in October. The robust investment indicates increased belief on the platform in its capacity to transform the prediction market sector.
Kalshi has also experienced a rapid growth in trading volume. In November the platform had a record of $4.54 billion trading on the site as compared to $4.49 billion the month before. Trading volumes are now over $1 billion per week which is an increase of 1,000% since 2024. Its nearest rival, Polymarket, also performed well with a high of $3.76 billion in November.
Kalshi is legally challenged despite its fast development. The platform itself is a party to a nationwide class action case, accusing Kalshi of running like an unlicensed sportsbook. The company denies that it did anything wrong, and the lawsuit makes its rapid rise more complex. However, the CNN alliance and robust investment base places Kalshi to lead the future of prediction markets.
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