Kalshi prediction market valued at $40 billion in $1bn funding round

Summarised from 2 outlets · Updated 29 Oct, 17:27 · Archive

The prediction market platform Kalshi has raised $1 billion, valuing it at $40 billion, up from $22 billion in May.

Kalshi has raised $1 billion in a funding round that values the prediction market platform at $40 billion, up sharply from its $22 billion valuation in May. The round was co-led by Sequoia Capital and Wellington Management, bringing the company's total raised to approximately $3.6 billion.

The company has seen continued growth since its previous funding round, driven by increased trading on major events including the 2026 FIFA World Cup, NFL season and election-related markets ahead of the US midterms. The growth has been particularly strong in combo contracts, similar to parlays on sportsbooks. Kalshi has also expanded beyond prediction markets, launching perpetual futures as its first non-prediction market offering.

Kalshi faces ongoing legal challenges to its sports offerings. Two US appeals courts ruled that states have the power to regulate sports-related event contracts, while Kalshi and other prediction market platforms argue the federal government has jurisdiction. A third appeals court has sided with the latter position, making a Supreme Court decision likely to resolve the dispute.

The company plans to use the new funding to develop leveraged event contracts, perpetual futures tied to individual stocks, and markets to trade on the price of compute, as well as to continue investing in its institutional business.

Kalshi prediction market valued at $40 billion in $1bn funding round — Image: New York Post

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How it is being reported

Kalshi raises $1B, vaulting valuation to $40B — as founders reveal they used to datePrediction market giant Kalshi has raised a fresh $1 billion in a funding round that values the company at $40 billion – as the company's co-founders fessed to dating back in the day.New York Post · 29 Oct, 17:13
Kalshi valuation jumps to $40 billion in latest funding roundThe prediction market platform one year ago was valued at $5 billion.CNBC · 29 Oct, 12:05

In this story: Kalshi · Sequoia Capital · Wellington Management · Tarek Mansour · Luana Lopes Lara · United States

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