Kalshi Becomes $40 Billion Company With New Funding Round
By PYMNTS
AI summary of the source article
Prediction market Kalshi announced a $1 billion Series G funding round on Thursday (Oct. 29), bringing its valuation to $40 billion. The company stated the funding will support its goal of building a next-generation financial exchange.
Why it matters
Kalshi stated: “This funding accelerates our long-term vision: building the next-generation financial exchange.”
Key facts
- Kalshi is now valued at $40 billion following a $1 billion funding round.
- The Series G funding round was announced on Thursday (Oct. 29).
- Kalshi operates as a prediction market aiming to build a next-generation financial exchange.
Source excerpt · PYMNTS
Kalshi says it is now a $40 billion company following a $1 billion funding round. “This funding accelerates our long-term vision: building the next-generation financial exchange,” the prediction market said in announcing its Series G Thursday (Oct. 29). “An exchange that gives individuals, businesses, and institutions more direct ways to understand the world, act on their beliefs, and […] The post…