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Lebanese founder Tarek Mansour’s Kalshi raises $1B at an $11B valuation as prediction markets go mainstream

Dec 4, 2025

•

3 min read

Lebanese founder Tarek Mansour’s Kalshi raises $1B at an $11B valuation as prediction markets go mainstream

The latest round was led by Paradigm, with participation from Sequoia Capital, Andreessen Horowitz, CapitalG and several returning investors.

Jamie Lane
Jamie Lane

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