Kalshi Raises $1B at $40B Valuation as It Pushes Beyond Prediction Markets

Kalshi has another $1 billion to build a business that extends beyond betting on elections and sports. The company announced a Series G Thursday at a $40 billion post-money valuation, with Wellington Management and Sequoia Capital leading the round. The financing comes just over five months after another $1 billion raise valued Kalshi at $22 billion, up nearly 82%. The new money will support prediction market growth, institutional adoption, international expansion, and products including indices, single-stock perpetual futures and markets tied to the price of computing resources.