Kalshi raises USD 1 bln, valued at USD 40 bln
Article excerpt
Highlighted: the sentence this signal was extracted from
Kalshi has raised USD 1 billion in a funding round co-led by Sequoia and Wellington, valuing the US-based company at USD 40 billion. Alongside co-leads Sequoia and Wellington, Tiger Global Management and Dragoneer Investment Group also participated, according to a source familiar with the matter. The company plans to move beyond the event contracts on sports and elections that built its business and develop a multi-asset trading platform. That strategy puts Kalshi in more direct competition with exchange operators such as CME Group and Intercontinental Exchange, the parent company of the New York Stock Exchange. The new round comes just over five months after Kalshi raised another USD 1 billion in a round led by Coatue, which valued the company at USD 22 billion. Its valuation has therefore increased by nearly 82% in that period. Together, the two rounds have brought USD 2 billion of new capital into the company within roughly half a year. The product expansion is already underway. In 2026, Kalshi began offering perpetual futures after the Commodity Futures Trading Commission (CFTC) approved the products. It first listed cryptocurrency perpetuals and later extended the offering to equity indexes and metals. Perpetual contracts, or 'perps', never mature. A trader can therefore keep a position open for as long as they choose, with no need to replace it with a new contract at...
Keep reading with a free account
The rest of this article, and every signal for Kalshi, is in your free account.
