Kalshi Raises $1 Billion at $40 Billion Valuation as Non-Sports Revenue Surpasses $1 Billion
Current overview (not historical)
Kalshi completed a $1 billion funding round at a $40 billion valuation, driven by its non-sports business achieving a $1 billion annualized revenue run rate. This marks a significant increase from the $150 million revenue recorded during its $40 billion valuation round in May. Trading volume over the past 30 days reached $15.8 billion. The company is expanding into financial markets contracts and has partnered with S&P Dow Jones Indices, while simultaneously facing regulatory challenges including a lawsuit from Utah and action from the CFTC.
Written with AI from the reporting · updated 10/29/2026
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- 1Unclassified fact stationOct 29, 00:00recorded Oct 30, 00:15single sourcerevised
Kalshi 完成 10 亿美元融资
Read original source ↗ CointelegraphReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- kalshi
- Action：
- 完成融资
- Object：
- 融资
- Occurred (fact side)：
- Oct 29, 00:00
- Published (valid side)：
- Oct 29, 23:52
- First seen (known side)：
- Oct 30, 00:15
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- PANews · ArticlesPANews Weekly Crypto Funding Report: Kalshi Raises $10 Billion, Predicate Secures $8 Million
Report first recorded Nov 2, 12:55
In October, crypto primary market funding reached $19.54 billion across 53 deals, an 83.5% month-on-month increase but a 45.3% year-on-year decline. Notable deals include Kalshi's $10 billion Series G round valuing the prediction platform at $40 billion, and Predicate's $8 million Series A. Last week saw 15 deals totaling over $1.095 billion, including PhotonPay's $40 million Series C led by Blockchain Capital.
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- CointelegraphSelectedRelated fact: single sourceSource report revisedKalshi raises $1 billion at $40 billion valuation, non-sports revenue tops $1 billion annualized
Report first recorded Oct 30, 00:15
Prediction market platform Kalshi closed a $1 billion Series G funding round at a $40 billion valuation, co-led by Wellington Management and Sequoia Capital. The company's non-sports markets now generate over $1 billion in annualized revenue, according to The Wall Street Journal. This round confirms completion of financing first reported in September, following a $1 billion Series F at a $22 billion valuation in May. Kalshi also reported approximately $15.8 billion in trading volume over the past 30 days. The expansion comes amid legal challenges, including partnerships with the NBA and S&P Dow Jones Indices, and regulatory disputes with the CFTC and Utah state authorities.
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