Kalshi Valuation Doubles to $40 Billion After $1 Billion…
By Abdelaziz Fathi
AI summary of the source article
Kalshi has raised $1 billion in a Series G funding round at a $40 billion valuation. Co-led by Wellington Management and Sequoia Capital, the capital will back product development, institutional adoption, and international expansion across commodities, crypto, and derivatives.
Why it matters
The new capital will support product development, institutional adoption and international expansion as Kalshi attempts to build a broader financial exchange rather than remain primarily associated with event-based trading.
Key facts
- Kalshi raised $1 billion in Series G funding co-led by Wellington Management and Sequoia Capital at a $40 billion post-money valuation.
- The valuation increased approximately 82% from its $22 billion Series F valuation in May.
- The company reported over $1 trillion in annualized trading volume and more than $1 billion in annualized revenue from non-sports markets.
Source excerpt · FinanceFeeds
Kalshi has raised $1 billion in a Series G funding round at a $40 billion post-money valuation, nearly doubling its valuation in less than six months as the prediction market operator expands into commodities, cryptocurrency and derivatives. The round was co-led by Wellington Management and Sequoia Capital, with participation from Baillie Gifford, Stripes, Andreessen Horowitz, Coatue, Layer Global…