Kalshi Raises $1B at $40B Valuation — From $1B in 16 Months
Prediction market Kalshi closed a $1B Series G co-led by Sequoia and Wellington, valuing the company at $40B — up 40x from its $1B valuation just 16 months ago — with plans to expand into stocks, compute, and indices.
What we know
Matt Huang RTs the announcement from Kalshi CEO Mansour Tarek, who notes the round values the company at $40B and marks 8 years since their YC acceptance. Wall St Engine adds detail: the Series G was co-led by Sequoia Capital and Wellington Management, with the valuation climb from $1B (June 2025) to $40B in just sixteen months described as exceptional even by startup standards. Kalshi launched in 2021 after nearly four years securing regulatory approval and has emerged as the dominant regulated prediction market in the US.
How the story developed
Prediction market Kalshi closed a $1B Series G co-led by Sequoia and Wellington, valuing the company at $40B — up 40x from its $1B valuation just 16 months ago — with plans to expand into stocks, compute, and indices.
Prediction market infrastructure is having a moment: Kalshi closed a $1B Series G at a $40B valuation co-led by Sequoia and Wellington, while $PREDICT token claims open at 9AM UTC on October 30 via Binance Alpha.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.