Interesting to see Peng Zhao, the CEO of Citadel Securities, as one of the new backers of Kalshi. Cofounders Tarek Mansour and Luana Lopes Lara both worked at Citadel early in their careers (more in my profile here: )
Tarek Mansour
Tarek Mansour26.6.2025
I’m excited to announce our $185M Series C valuing Kalshi at $2B. The round was led by Paradigm with participation from Sequoia, Multicoin, Peng Zhao, Neo, and Bond Capital. People choose to work at Kalshi not because of the money we've raised, but because of our ambition: build the most important financial market on the planet. Today, we celebrate our team and community who have taken prediction markets mainstream and made Kalshi one of the fastest growing companies in America. What once felt impossible now looks inevitable.
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