Kalshi expands to 140 countries, announces funding, $5 billion valuation

Sunday, October 12, 2025 8:25 PM
Photo:  quiggyt4/Shutterstock
  • Brant James, InGame

Kalshi, a prediction market based and previously only doing business in the United States, on Friday morning announced that it had expanded to more than 140 countries.

InGame was able to place a bet on Kalshi from the United Kingdom on Friday, even though the U.K. is on a list of restricted jurisdictions in an updated member agreement that was posted early this week. A Kalshi spokesperson told InGame this was possible because an already-verified member with an address in a non-restricted jurisdiction can access their account “while traveling or temporarily located elsewhere.”

The volume totals and levels of liquidity in the market appeared to suggest that it was indeed the same Kalshi liquidity pool to which U.S. customers have access.