Current outcome
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.
Progress timeline
3 material updates- #01
【Kalshi 拟融资约 10 亿美元，估值或达 400 亿美元】
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.
Source evidence: foresightnews · theblockbeats · Cointelegraph · The Defiant
- #02
【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】
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.
State after update: 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.
Source evidence: foresightnews
- #03
Kalshi raises $1B at $40B valuation as non-sports revenue run rate tops $1B
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.
Source evidence: Cointelegraph