TechCrunch Startup News Source: Kalshi’s valuation jumps to $11B after raising massive $1B round ; plus, this startup can track objects within 3 cm
Nov 21, 2025
The prediction betting market is booming, with Kalshi's valuation soaring to $11 billion after a $1 billion funding round led by Sequoia and CapitalG. The surge in trading volume hit an astonishing $50 billion annually, compared to just $300 million last year. Meanwhile, Point One Navigation is making waves with its centimeter-level positioning technology, expanding its reach beyond cars to drones and wearables. With ambitions for indoor navigation, they’re set to revolutionize multiple industries.
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Prediction Markets Scale Rapidly
- Cauchy raised $1 billion at an $11 billion valuation, signaling explosive growth in prediction markets.
- The platform hit $50 billion in annualized trading volume amid rising political-event popularity.
Live Subway Ads During Mayoral Race
- Cauchy ran live subway ads showing up-to-the-minute election odds during the Mamdani vs Cuomo race.
- That marketing drove brand awareness among New Yorkers during a high-profile local contest.
Regulatory Risks Are Central
- Prediction markets operate in a legal gray area between finance and gambling and face regulatory scrutiny.
- Cauchy sued the CFTC to secure U.S. access but still battles state regulators alleging illegal gambling.