Kalshi Valued at $11 Billion After $1 Billion Round, Making Brazilian Cofounder the Youngest Self‑Made Billionaire

Overview

• Luana Lopes Lara, 29, reached an estimated net worth of about $1.3 billion per Forbes after the latest raise, with cofounder Tarek Mansour holding a similar stake of roughly 12%.
• The Series E funding led by Paradigm lifted the U.S. prediction‑markets exchange to an approximately $11 billion valuation with participation reported from Sequoia Capital, Andreessen Horowitz and Y Combinator.
• Kalshi reports trading now exceeds $1 billion per week and totaled $5.8 billion in November, with sports contracts accounting for about 90% of activity.
• Designated a designated contract market by the CFTC in 2020, Kalshi won a 2024 federal court case that allows it to offer regulated election contracts in the U.S.
• The company’s valuation accelerated from roughly $2 billion in June to $5 billion in October before the December round, and it plans to deepen broker integrations, media partnerships and product expansion.