Kalshi raises $1 billion Series G at $40 billion valuation
CIE News ·
Based on reporting by Bitcoin.com News; not yet independently confirmed.
Kalshi raised $1 billion in a Series G round co-led by Sequoia Capital and Wellington Management, lifting its valuation by nearly 82% to $40 billion.
Prediction-market platform Kalshi raised $1 billion in a Series G round co-led by Sequoia Capital and Wellington Management on October 29, 2026. The financing lifted the platform's valuation to $40 billion, marking an increase of roughly 82% from its $22 billion valuation in May 2026. According to altcoinbuzz.io and Bitcoin.com News, additional participants included Tiger Global Management, Dragoneer Investment Group, Andreessen Horowitz, Coatue, and Morgan Stanley Investment Management.
Kalshi reported more than $1 billion in annualized revenue from non-sports event contracts, along with more than 30 million user accounts and annualized volume exceeding $1 trillion. The company operates a federally regulated exchange offering contracts on politics, economic data, and crypto assets, altcoinbuzz.io reported.
Proceeds from the capital raise are designated for product expansion into crypto and equities derivatives, computing-power markets, and single-stock perpetual futures. The platform is also developing its institutional business as state authorities challenge its sports-related contracts, Bitcoin.com News reported.
Key facts
- $1B Series G raised
- $40B valuation
- 82% valuation increase
- 30M+ user accounts
Read the original at CryptoRank