Kalshi raises $1 billion at a $40 billion valuation to broaden its global exchange
Kalshi raised a $1 billion Series G at a $40 billion post-money valuation in a round co-led by Wellington and Sequoia, with participation from CapitalG, Coatue, Andreessen Horowitz, Morgan Stanley Investment Management and other investors. The company says annualized trading volume across its exchange now exceeds $1 trillion and that more than 30 million accounts have been created. Kalshi began with event contracts and is expanding into politics, crypto, commodities, perpetual futures and planned products such as indices, single-stock perpetual futures and compute markets. It reports more than $1 billion in non-sports annualized revenue and says international retail operations are approaching $100 million in annualized trading fees one year after expansion into more than 140 countries. The new capital is intended to grow the exchange, launch assets, expand global access and increase institutional adoption. The announcement does not provide a headcount or hiring target.
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