Kalshi reaches $40 billion valuation following $1 billion funding round
Prediction market platform Kalshi has secured $1 billion in a new funding round co-led by Sequoia Capital and Wellington Management, bringing its total valuation to $40 billion. This represents a significant increase from its $22 billion valuation in May 2026. The company's growth has been fueled by high trading volumes in election markets and sports-related combo contracts during major events like the NFL season and the FIFA World Cup. Kalshi intends to use the capital to expand beyond prediction markets into a broader financial exchange, including leveraged event contracts, perpetual futures tied to individual stocks, and compute price markets. While facing legal uncertainty regarding state versus federal regulation of sports-related contracts—a matter likely headed to the Supreme Court—the company is aggressively scaling its institutional business, which currently accounts for 25% of total trading volume.
Topics: event contracts funding round prediction markets valuation venture capital
Part of the story Kalshi reaches $40 billion valuation following $1 billion funding round (2 articles)