Kalshi Completes $1 Billion Series G at $40 Billion Valuation

Kalshi completed a $1 billion Series G round at a $40 billion valuation, putting its value nearly 82% above the $22 billion level from a $1 billion round more than five months earlier. Sequoia Capital and Wellington Management led the financing. Baillie Gifford, Morgan Stanley Investment Management, Coatue Management and Andreessen Horowitz also participated. Kalshi co-founder and CEO Tarek Mansour declined to comment on whether or when the company might go public. He said only that related discussions had taken place. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.