Kalshi valuation surges to $40 billion after latest $1 billion funding round

Kalshi has raised $1 billion in fresh funding, lifting its valuation to $40 billion , as the prediction market operator expands into traditional financial trading amid escalating legal disputes over its sports-related contracts. The financing round, co-led by Sequoia Capital and Wellington Management, brings the New York-based company's total funding to approximately $3.6 billion , according to The New York Post . Reuters reported that Tiger Global Management and Dragoneer Investment Group also participated, citing a source familiar with the matter.