{
  "version": 1,
  "event_id": "evt_90e6b7b9337429f2",
  "url": "https://xiyu.news/events/evt_90e6b7b9337429f2/",
  "json": "https://xiyu.news/api/events/evt_90e6b7b9337429f2.json",
  "type": "market_structure",
  "status": "resolved",
  "category": "crypto",
  "title": {
    "zh": "Kalshi 洽谈并以约400亿美元估值完成10亿美元G轮融资",
    "en": "Kalshi in talks for and closes $1B Series G at ~$40B valuation"
  },
  "current_state": {
    "zh": "Kalshi 以 400 亿美元估值完成 10 亿美元 G 轮融资，由 Wellington Management 和 Sequoia Capital 联合领投，并表示其非体育市场年化收入现已超过 10 亿美元，同时正拓展金融市场业务、深化与 NBA 和 S&P Dow Jones Indices 的合作，并应对针对其体育合约的法律挑战。",
    "en": "Kalshi closed a $1 billion Series G round at a $40 billion valuation, co-led by Wellington Management and Sequoia Capital, and said its non-sports markets now generate more than $1 billion in annualized revenue as it expands into financial markets and deepens NBA and S&P Dow Jones Indices partnerships while contesting legal challenges to its sports contracts."
  },
  "first_seen_at": "2026-09-30T02:19:37.220778+00:00",
  "last_updated_at": "2026-10-29T18:36:44.984175+00:00",
  "last_material_change_at": "2026-10-29T18:36:44.984175+00:00",
  "confidence": 0.75,
  "updates_count": 3,
  "sources_count": 6,
  "entities": [
    "funding",
    "kalshi",
    "reuters",
    "valuation"
  ],
  "identifiers": [],
  "topics": [
    "funding",
    "funding-round",
    "fundraising",
    "ipo",
    "kalshi",
    "polymarket",
    "prediction-markets",
    "valuation"
  ],
  "updates": [
    {
      "update_id": "upd_b311cc825b799d8b",
      "event_id": "evt_90e6b7b9337429f2",
      "occurred_at": "2026-09-30T01:04:42Z",
      "published_at": "2026-09-30T01:04:42Z",
      "first_seen_at": "2026-09-30T02:19:37.220778Z",
      "time_precision": "published",
      "update_type": "initial",
      "material_change": true,
      "title_zh": "【Kalshi 拟融资约 10 亿美元，估值或达 400 亿美元】",
      "title_en": "【Kalshi 拟融资约 10 亿美元，估值或达 400 亿美元】",
      "what_changed_zh": "据路透社报道，预测市场平台 Kalshi 正就约 10 亿美元的新一轮融资进行深入谈判，估值可能达到约 400 亿美元；现有投资方红杉资本与 Wellington Management 正洽谈联合领投，Tiger Global Management 与 Dragoneer Investment Group 等新老投资者拟参与。本轮融资预计将在未来数周内完成，估值较其 5 月 220 亿美元的水平高出约 82%。\n\n这一融资消息显示机构资本对受监管、与加密相邻的事件交易仍保持兴趣，并可能为 Kalshi 从体育和选举合约扩展为覆盖更多资产类别的一站式交易平台提供资金，该公司已开始与芝商所和纽约证券交易所母公司洲际交易所竞争。\n\n交易尚未敲定：报道称 Kalshi 与 Tiger Global 拒绝置评，红杉资本、Wellington 和 Dragoneer 尚未回应。知情人士还称，Kalshi 近期已就未来几年进行潜在 IPO 展开初步讨论，其竞争对手 Polymarket 也在另行洽谈一轮 10 亿美元融资。",
      "what_changed_en": "Prediction market platform Kalshi is in advanced talks to raise roughly $1 billion at a valuation of about $40 billion, more than double its $22 billion valuation from a May 2026 round, as it expands beyond sports and election contracts into a multi-asset trading venue and weighs a future IPO.",
      "current_state_zh": "据路透社报道，预测市场平台 Kalshi 正就约 10 亿美元的新一轮融资进行深入谈判，估值可能达到约 400 亿美元；现有投资方红杉资本与 Wellington Management 正洽谈联合领投，Tiger Global Management 与 Dragoneer Investment Group 等新老投资者拟参与。本轮融资预计将在未来数周内完成，估值较其 5 月 220 亿美元的水平高出约 82%。\n\n这一融资消息显示机构资本对受监管、与加密相邻的事件交易仍保持兴趣，并可能为 Kalshi 从体育和选举合约扩展为覆盖更多资产类别的一站式交易平台提供资金，该公司已开始与芝商所和纽约证券交易所母公司洲际交易所竞争。\n\n交易尚未敲定：报道称 Kalshi 与 Tiger Global 拒绝置评，红杉资本、Wellington 和 Dragoneer 尚未回应。知情人士还称，Kalshi 近期已就未来几年进行潜在 IPO 展开初步讨论，其竞争对手 Polymarket 也在另行洽谈一轮 10 亿美元融资。",
      "current_state_en": "Prediction market platform Kalshi is in advanced talks to raise roughly $1 billion at a valuation of about $40 billion, more than double its $22 billion valuation from a May 2026 round, as it expands beyond sports and election contracts into a multi-asset trading venue and weighs a future IPO.",
      "detailed_summary_zh": "Prediction market platform Kalshi is in advanced talks to raise roughly $1 billion at a valuation of about $40 billion, more than double its $22 billion valuation from a May 2026 round, as it expands beyond sports and election contracts into a multi-asset trading venue and weighs a future IPO.",
      "detailed_summary_en": "Prediction market platform Kalshi is in advanced talks to raise roughly $1 billion at a valuation of about $40 billion, more than double its $22 billion valuation from a May 2026 round, as it expands beyond sports and election contracts into a multi-asset trading venue and weighs a future IPO.",
      "background_zh": "预测市场允许用户就现实事件的结果进行合约交易，Kalshi 是受美国商品期货交易委员会（CFTC）监管的交易所，其竞争对手 Polymarket 则为加密原生平台并在链上结算。Kalshi 于今年 5 月完成 10 亿美元 F 轮融资，估值 220 亿美元，较去年 12 月翻倍；《金融时报》6 月 24 日曾报道，该公司已在以 400 亿美元估值洽谈融资，交易最快可能在今年第三季度完成。",
      "background_en": "Prediction markets let users trade contracts on the outcome of real-world events, and Kalshi operates as a CFTC-regulated US exchange while rival Polymarket is crypto-native and settles on-chain. Kalshi closed a $1 billion Series F in May at a $22 billion valuation, doubling its December valuation, and the Financial Times reported on June 24 that the company was already in talks at a $40 billion valuation that could close as soon as the third quarter.",
      "community_discussion_zh": "",
      "community_discussion_en": "",
      "market_impact_zh": "该消息主要通过情绪和资金配置传导至与加密相邻的预测市场板块：Kalshi 估值大幅抬升会提高机构投资者对该赛道的关注度，而其向更多资产类别扩张可能影响 Polymarket 等加密原生平台的交易量。对加密资产本身的影响是间接的，更多经由事件交易与衍生品需求体现，而非代币供给或协议机制的变化。",
      "market_impact_en": "The news transmits mainly through sentiment and capital allocation in the crypto-adjacent prediction-market segment: a markedly higher Kalshi valuation raises the sector's profile with institutional investors, while its expansion into more asset classes could affect volumes at crypto-native venues such as Polymarket. Effects on crypto assets themselves would be indirect, running through event-trading and derivatives activity rather than token supply or protocol mechanics.",
      "importance_score": 8.0,
      "references": [
        {
          "url": "https://kalshi.com/",
          "title": "Kalshi - Prediction Market for Trading the Future"
        },
        {
          "url": "https://polymarket.com/",
          "title": "Polymarket | The World’s Largest Prediction Market"
        },
        {
          "url": "https://www.investopedia.com/terms/p/prediction-market.asp",
          "title": "investopedia.com/terms/p/prediction-market.asp"
        }
      ],
      "confidence": 0.75,
      "story_ids": [
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        "telegram:theblockbeats:198330",
        "rss:cointelegraph.com_rss:d949025a3f076f90",
        "rss:thedefiant.io_api_feed:b75a0e89c0010a26"
      ],
      "sources": [
        {
          "url": "https://foresightnews.pro/news/h5Detail/114278",
          "label": "foresightnews",
          "source_type": "telegram",
          "official": false
        },
        {
          "url": "https://m.theblockbeats.info/flash/369644?from=telegram",
          "label": "theblockbeats",
          "source_type": "telegram",
          "official": false
        },
        {
          "url": "https://cointelegraph.com/news/kalshi-in-advanced-talks-to-raise-new-funding-at-40b-valuation-reuters?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound",
          "label": "Cointelegraph",
          "source_type": "rss",
          "official": false
        },
        {
          "url": "https://thedefiant.io/news/cefi/kalshi-in-advanced-talks-for-1b-raise-at-40b-valuation-reuters",
          "label": "The Defiant",
          "source_type": "rss",
          "official": false
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      ]
    },
    {
      "update_id": "upd_b3a6ca1a70497b18",
      "event_id": "evt_90e6b7b9337429f2",
      "occurred_at": "2026-10-29T12:04:11Z",
      "published_at": "2026-10-29T12:04:11Z",
      "first_seen_at": "2026-10-29T15:01:35.116104Z",
      "time_precision": "published",
      "update_type": "resolution",
      "material_change": true,
      "title_zh": "【Kalshi 完成 10 亿美元 G 轮融资，红杉资本和惠灵顿管理公司领投】",
      "title_en": "【Kalshi 完成 10 亿美元 G 轮融资，红杉资本和惠灵顿管理公司领投】",
      "what_changed_zh": "Kalshi 已完成 10 亿美元 G 轮融资，估值 400 亿美元，由红杉资本和惠灵顿管理公司领投；Baillie Gifford、摩根士丹利投资管理公司、Coatue Management 和 Andreessen Horowitz 参与。Kalshi 联合创始人兼 CEO Tarek Mansour 确认了该交易。",
      "what_changed_en": "Kalshi closed its $1 billion Series G at a $40 billion valuation, led by Sequoia Capital and Wellington Management, with Baillie Gifford, Morgan Stanley Investment Management, Coatue Management and Andreessen Horowitz participating; CEO Tarek Mansour confirmed the completed round.",
      "current_state_zh": "Kalshi 已完成 10 亿美元 G 轮融资，估值 400 亿美元，红杉资本与惠灵顿管理公司领投，Baillie Gifford、摩根士丹利投资管理公司、Coatue Management 和 Andreessen Horowitz 参与。此前报道的深入谈判阶段已转为交易完成。",
      "current_state_en": "Kalshi has closed a $1 billion Series G at a $40 billion valuation, led by Sequoia Capital and Wellington Management, with Baillie Gifford, Morgan Stanley Investment Management, Coatue Management and Andreessen Horowitz participating. The previously reported advanced talks have progressed to a completed financing.",
      "detailed_summary_zh": "Kalshi closed a $1 billion Series G led by Sequoia Capital and Wellington Management at a $40 billion valuation, with Baillie Gifford, Morgan Stanley Investment Management, Coatue and Andreessen Horowitz also participating.",
      "detailed_summary_en": "Kalshi closed a $1 billion Series G led by Sequoia Capital and Wellington Management at a $40 billion valuation, with Baillie Gifford, Morgan Stanley Investment Management, Coatue and Andreessen Horowitz also participating.",
      "background_zh": "",
      "background_en": "",
      "community_discussion_zh": "",
      "community_discussion_en": "",
      "market_impact_zh": "",
      "market_impact_en": "",
      "importance_score": 7.5,
      "references": [],
      "confidence": 0.97,
      "story_ids": [
        "telegram:foresightnews:121605"
      ],
      "sources": [
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          "url": "https://foresightnews.pro/news/h5Detail/116282",
          "label": "foresightnews",
          "source_type": "telegram",
          "official": false
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    },
    {
      "update_id": "upd_3abf3ee96f047d2f",
      "event_id": "evt_90e6b7b9337429f2",
      "occurred_at": "2026-10-29T15:52:43Z",
      "published_at": "2026-10-29T15:52:43Z",
      "first_seen_at": "2026-10-29T18:36:44.984175Z",
      "time_precision": "published",
      "update_type": "confirmation",
      "material_change": true,
      "title_zh": "Kalshi 以 400 亿美元估值融资 10 亿美元，非体育收入年化运行率突破 10 亿美元",
      "title_en": "Kalshi raises $1B at $40B valuation as non-sports revenue run rate tops $1B",
      "what_changed_zh": "Kalshi 以 400 亿美元估值完成 10 亿美元 G 轮融资，由 Wellington Management 和 Sequoia Capital 联合领投，并表示其非体育市场年化收入现已超过 10 亿美元，同时正拓展金融市场业务、深化与 NBA 和 S&P Dow Jones Indices 的合作，并应对针对其体育合约的法律挑战。",
      "what_changed_en": "Kalshi closed a $1 billion Series G round at a $40 billion valuation, co-led by Wellington Management and Sequoia Capital, and said its non-sports markets now generate more than $1 billion in annualized revenue as it expands into financial markets and deepens NBA and S&P Dow Jones Indices partnerships while contesting legal challenges to its sports contracts.",
      "current_state_zh": "Kalshi 以 400 亿美元估值完成 10 亿美元 G 轮融资，由 Wellington Management 和 Sequoia Capital 联合领投，并表示其非体育市场年化收入现已超过 10 亿美元，同时正拓展金融市场业务、深化与 NBA 和 S&P Dow Jones Indices 的合作，并应对针对其体育合约的法律挑战。",
      "current_state_en": "Kalshi closed a $1 billion Series G round at a $40 billion valuation, co-led by Wellington Management and Sequoia Capital, and said its non-sports markets now generate more than $1 billion in annualized revenue as it expands into financial markets and deepens NBA and S&P Dow Jones Indices partnerships while contesting legal challenges to its sports contracts.",
      "detailed_summary_zh": "Kalshi closed a $1 billion Series G round at a $40 billion valuation, co-led by Wellington Management and Sequoia Capital, and said its non-sports markets now generate more than $1 billion in annualized revenue as it expands into financial markets and deepens NBA and S&P Dow Jones Indices partnerships while contesting legal challenges to its sports contracts.",
      "detailed_summary_en": "Kalshi closed a $1 billion Series G round at a $40 billion valuation, co-led by Wellington Management and Sequoia Capital, and said its non-sports markets now generate more than $1 billion in annualized revenue as it expands into financial markets and deepens NBA and S&P Dow Jones Indices partnerships while contesting legal challenges to its sports contracts.",
      "background_zh": "",
      "background_en": "",
      "community_discussion_zh": "",
      "community_discussion_en": "",
      "market_impact_zh": "",
      "market_impact_en": "",
      "importance_score": 7.5,
      "references": [],
      "confidence": 0.75,
      "story_ids": [
        "rss:cointelegraph.com_rss:73f9b50bf795c6fe"
      ],
      "sources": [
        {
          "url": "https://cointelegraph.com/news/kalshi-closes-1b-funding-round-at-40b-valuation-as-non-sports-revenue-run-rate-tops-1b?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound",
          "label": "Cointelegraph",
          "source_type": "rss",
          "official": false
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    }
  ]
}
