Published on: December 2, 2025, 11:01h.
Updated on: December 2, 2025, 11:12h.
- Prominent growth investor’s firm engaged in Kalshi’s recent funding endeavor
- The ARK Venture Fund now possesses a stake in the prediction markets platform
- Kalshi is not the only prediction markets investment within the fund
ARK Investment Management, led by Cathie Wood, has confirmed its investment in the prominent prediction markets platform Kalshi.
The firm announced that its ARK Venture Fund participated in Kalshi’s Series E funding round, which concluded last month. This round raised $1 billion for the event contracts exchange, elevating its valuation from $5 billion to $11 billion in just a month. In a communication to investors, ARK expressed excitement about investing in a company co-founded by Luana Lopes Lara and Tarek Mansour.
“Kalshi is a federally regulated exchange that enables users to trade the outcomes of future events, termed ‘event contracts,’” ARK stated. “With Kalshi, participants can take positions on various topics such as inflation, elections, or economic data, using a transparent and compliant framework akin to traditional futures exchanges.”
Reports suggest that Sequoia Capital and CapitalG spearheaded the latest fundraising efforts for Kalshi, with involvement from existing investors like Andreessen Horowitz, Paradigm, Anthos Capital, and Neo. The ARK Venture Fund holds positions in both publicly traded and private companies, with Kalshi standing out as one of the fund’s 47 investments in private entities.
Kalshi is Not ARK’s Sole Prediction Markets Investment
While ARK Investment Management is known for its substantial holdings in DraftKings, it has limited exposure to gaming-related assets in the Venture Fund. Among the fund’s private stakes, Kalshi is the only holding with direct connections to betting, even as it brands itself primarily as a technology firm.
However, Kalshi is not the only way the Venture Fund gains access to prediction markets. Robinhood Markets (NASDAQ: HOOD), a partner of Kalshi, is one of the 18 public company stakes within the fund. Recently, Robinhood announced a collaboration with Susquehanna International Group, thereby entering into the prediction markets arena itself.
Robinhood has committed to maintaining its partnership with Kalshi and aims to collaborate with additional exchanges as it enhances its prediction markets offerings, indicating potential long-term engagement.
Furthermore, the ARK Venture Fund has a stake in Coinbase Global (NASDAQ: COIN), the foremost cryptocurrency exchange operator, which many see as poised to enter the prediction markets sector.
ARK Venture Fund Includes Prominent Firms
Alongside its investment in Kalshi, the ARK Venture Fund boasts stakes in numerous well-known private companies. This includes all three of Elon Musk’s ventures – Groq, SpaceX, and xAI – and also holds a position in OpenAI, the parent company of ChatGPT. Together, OpenAI and SpaceX are recognized as two of the most valuable privately-held companies globally.
Additionally, Anthropic, another major AI unicorn, is part of the ARK portfolio. Coupled with stakes in Databricks and Revolut, ARK has investments in five of the world’s ten largest unicorns.
Regarding Kalshi, with its valuation of $11 billion, it ranks among the 50 most valuable unicorns—privately-held companies valued at a minimum of $1 billion—globally.