Kalshi Now Valued at $40 Billion Following Recent Funding

Kalshi has completed a $1 billion funding round that values the New York-based prediction market operator at $40 billion, the company announced on Thursday. The financing, confirmed by the company and reported by Reuters and CNBC, arrives just over five months after a Coatue-led round that valued the platform at $22 billion – capping a valuation trajectory that has accelerated from $2 billion in June 2025 to $5 billion in early 2025, $11 billion in December, and $22 billion in May of this year.