Kalshi’s $1 Billion Round Leads $1.23 Billion in Weekly Crypto Financing

Eight crypto and crypto-linked financings disclosed from Oct. 24-30 totaled about $1.23 billion, led by Kalshi’s $1 billion equity round, while debt and secondary sales make the tally broader than venture investment alone. Kalshi announced its $1 billion Series G on Oct. 29, valuing the prediction-market operator at $40 billion post-money. Wellington and Sequoia co-led the financing. The company plans to use the proceeds for product development, institutional sales and international expansion. It also said its annualized trading volume exceeded $1 trillion. The raise follows Kalshi’s $1 billion Series F in May at a $22 billion valuation.