Prediction markets platform Kalshi has secured a major media breakthrough after signing a partnership with CNN, making the company the network’s official prediction markets partner while closing a $1 billion funding round at an $11 billion valuation.
Key Takeaways:
- Kalshi became CNN’s official prediction markets partner after raising $1B at an $11B valuation.
- CNN will display Kalshi’s real-time probabilities in broadcasts, including a live on-screen ticker.
- The funding round, led by Paradigm, signals strong investor confidence in prediction markets as a mainstream data source.
Under the agreement, Kalshi’s real-time market data will be used inside 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 price future outcomes based on trading activity.
CNN to Launch Kalshi-Powered Live Prediction Ticker
The network will also introduce a live, Kalshi-powered ticker during coverage segments that use market data.
The integration will be overseen by CNN Chief Data Analyst Harry Enten, whose work focuses on applying data-driven insights to political and social reporting.
Kalshi said the partnership is designed 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 raise.
Kalshi chief executive Tarek Mansour said markets are becoming a new way to measure public expectations.
“Kalshi is replacing debate and opinion with markets and accuracy,” he said, adding that users increasingly want information reflected through price action rather than speculation.
Kalshi Hits Record $4.5B Monthly Volume
The funding follows a surge in activity across prediction platforms. According to Token Terminal data cited by the company, Kalshi posted record trading volume of $4.54 billion in November, beating October’s $4.49 billion.
Kalshi said weekly volumes are now exceeding $1 billion, representing growth of more than 1,000% since 2024.
Its closest competitor, Polymarket, also recorded a strong November, hitting a monthly total of $3.76 billion after crossing $3 billion in October.
Polymarket CEO Shayne Coplan recently said 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 about becoming a liquidity provider, as on-chain betting on real-world events draws more attention from both 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, posting regular bids and offers to deepen trading.
Meanwhile, Kalshi is currently facing a nationwide class action lawsuit alleging the platform operates like an unlicensed sportsbook and misrepresents pricing advantages versus traditional betting markets. The company has not admitted wrongdoing.
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