Kalshi raises $1 billion at $40 billion valuation
Key points
- Kalshi has raised $1 billion in a Series G funding round, valuing the company at $40 billion.
- Non-sports annualised revenue exceeded $1 billion, while annualised trading volume surpassed $1 trillion.
- The funding will support new products, institutional expansion and international growth across Latin America and Europe.
Kalshi has raised $1 billion in Series G funding, valuing the company at $40 billion post-money.
Wellington Management and Sequoia co-led the round, joined by 10 additional investors.
“We’re now extending those network effects into politics, crypto, economics, commodities, and perpetual futures,” Kalshi said in a statement.
Kalshi's non-sports annualised revenue exceeded $1 billion, while annualised trading volume surpassed $1 trillion.
The exchange has opened more than 30 million accounts and claims over 75% of prediction-market trading volume.
Commodity trading fees exceeded $100 million annualised within three months, while crypto trading volume reached $140 billion annualised.
Kalshi's perpetual futures business recorded $83 billion in trading volume and attracted more than 500,000 traders.
The funding will support new products, institutional services and expansion across Latin America and Europe.
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