Prediction markets platform Kalshi got a major media breakthrough after signing a partnership with CNN, making the company the network’s official prediction markets partner while closing a billion-dollar funding round at an $11 billion valuation.
Key points to remember:
- Kalshi became the official partner of CNN Prediction Markets after raising $1 billion at a valuation of $11 billion.
- CNN will display Kalshi’s real-time odds on its broadcasts, including a live on-screen ticker.
- The funding round, led by Paradigm, demonstrates investors’ strong confidence in prediction markets as a dominant data source.
Under the terms of the agreement, Kalshi’s real-time market data will be used in CNN’s newsroom to support reporting on politics, economics and major cultural events.
CNN staff will have access to Kalshi’s probability data, which reflects how users evaluate future outcomes based on business activity.
CNN to launch live prediction ticker powered by Kalshi
The network will also introduce a live ticker powered by Kalshi during coverage segments using market data.
The integration will be overseen by Harry Enten, CNN’s chief data analyst, whose work focuses on applying data-driven insights to political and social reporting.
Kalshi said the partnership aims to provide viewers with clearer signals on emerging trends by showing how markets are reacting in real time.
The announcement comes as Kalshi confirms a $1 billion Series E funding round led by crypto-focused investment firm Paradigm, with participation from Sequoia Capital, Andreessen Horowitz and ARK Invest.
The round more than doubles Kalshi’s previous $5 billion valuation from an October increase.
Tarek Mansour, managing director of Kalshi, said markets have become a new way to measure public expectations.
“Kalshi replaces debate and opinion with markets and accuracy,” he said, adding that users increasingly want information to be reflected by price action rather than speculation.
Kalshi Hits Record Monthly Volume of $4.5 Billion
The funding follows an increase in activity on prediction platforms. According to Token Terminal data cited by the company, Kalshi recorded a record trading volume of $4.54 billion in November, surpassing October’s $4.49 billion.
Kalshi said weekly volumes now exceed $1 billion, representing growth of over 1,000% since 2024.
Its closest competitor, Polymarket, also had a good November, reaching a monthly total of $3.76 billion after surpassing $3 billion in October.
Shayne Coplan, CEO of Polymarket, recently said that prediction markets are among the most reliable indicators for forecasting real-world outcomes.
As reported, Mike Novogratz’s Galaxy Digital is in talks with Polymarket and Kalshi to become a liquidity provider as on-chain betting on real-world events attracts more attention from retail traders and Wall Street.
Galaxy, which has built its brand around providing crypto infrastructure and services to institutional clients, would act as a market maker on the platforms, regularly posting bids and offers to deepen trading.
Meanwhile, Kalshi is currently facing a nationwide class action lawsuit alleging that the platform operates as an unlicensed sports betting site and misrepresents pricing advantages over traditional betting markets. The company has not admitted wrongdoing.
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