Prediction Markets have been getting a lot of attention lately. Kalshi just completed a new round of funding, raising $1 billion, with its valuation soaring to $11 billion. Speaking of which, this company's growth rate is indeed impressive—this year alone, they've gone through three funding rounds, from a $2 billion valuation in June, to $5 billion in October, and then to $11 billion in November. In just a few months, they've multiplied their valuation fivefold, which is among the top in the Web3 startup scene.

This round was led by Sequoia and CapitalG, the investment arm of Google's parent company Alphabet, with other familiar investors like a16z and Paradigm also participating. Looking back, the June round was led by Paradigm, which secured $185 million, and in early October, a16z and Sequoia joined again.

Interestingly, founder Luana Lopes Lara, who is only 29 years old, now holds 12% of the company and has a net worth soaring to $1.3 billion, officially becoming a billionaire. This also breaks the previous record held by Taylor Swift for the youngest self-made billionaire. It seems that the prediction market sector has indeed attracted the attention of many mainstream investors.