Kalshi raises $1B, vaulting valuation to $40B — as founders reveal they used to date

Kalshi raises $1 billion at $40 billion valuation in Series G funding round

Prediction market platform Kalshi has closed a $1 billion Series G funding round at a $40 billion valuation, led by Sequoia Capital and Wellington Management. The valuation represents an 82% increase from its $22 billion valuation in May 2026, as the company expands beyond prediction markets into financial products including crypto and stock perpetual futures.