Prediction Market Kalshi Now Worth $40 Billion After $1 Billion Round, Eyes Single-Stock Perps
By Unchained
AI summary of the source article
Kalshi has raised $1 billion at a $40 billion valuation in a funding round co-led by Sequoia Capital and Wellington Management. The company plans to fund single-stock perpetual futures, leveraged event contracts, and its institutional business.
Why it matters
A multi-asset Kalshi would compete more directly with CME Group and Intercontinental Exchange, which owns the New York Stock Exchange.
Key facts
- Kalshi raised $1 billion at a $40 billion valuation in a round co-led by Sequoia Capital and Wellington Management.
- The capital will fund single-stock perpetual futures, leveraged event contracts, a compute price trading market, and institutional services.
- The fundraise follows criminal charges brought by Utah's attorney general alleging Kalshi and its founders illegally promoted online gambling.
Source excerpt · Unchained
Sequoia Capital and Wellington Management co-led the raise, which lifts the prediction market from a $22 billion valuation in May and will fund leveraged contracts and an institutional push. The post Prediction Market Kalshi Now Worth $40 Billion After $1 Billion Round, Eyes Single-Stock Perps appeared first on Unchained .