Kalshi raises $1 billion at $40 billion valuation

· Tech · United States

Prediction market Kalshi said it has raised $1 billion in funding at a $40 billion valuation, confirming an August report from The Information. The round was led by Wellington and Sequoia, with other investors including Baillie Gifford, Andreessen Horowitz, Coatue and Morgan Stanley Investment Management. The raise makes Kalshi one of the most valuable privately held companies tied to event-based trading, a category that has expanded rapidly as prediction markets move from novelty toward a regulated financial product with real trading volume behind it.

Why it matters：The valuation cements prediction markets as a well-funded financial category, strengthening their claim to be a legitimate venue for pricing events and a growing competitor to established exchanges and bookmakers.

Key points

  • Wellington and Sequoia led the round.
  • Baillie Gifford, Andreessen Horowitz, Coatue and Morgan Stanley Investment Management also participated.
  • The raise confirms an earlier August report by The Information.

Sources (original reporting)

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