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Kalshi valuation reaches 40 billion dollars as non-sports revenue grows

Kalshi has closed a 1 billion dollar Series G round at a 40 billion dollar valuation, up from 22 billion dollars in its May round, and says its non-sports markets now generate more than 1 billion dollars in annualized revenue. Cointelegraph, citing DefiLlama data, puts Kalshi's trading volume over the past 30 days at about 15.8 billion dollars.

Kalshi has completed a 1 billion dollar Series G funding round at a 40 billion dollar valuation, according to Cointelegraph. Sequoia Capital and Wellington Management co-led the round.

The valuation is up from 22 billion dollars in its May round. The latest financing places a higher value on the prediction-market company, though the supplied reporting does not detail how it plans to use the funds.

Revenue and trading activity

Kalshi says its non-sports markets now produce more than 1 billion dollars in annualized revenue, according to Cointelegraph. That figure is an annualized measure, rather than a statement of revenue collected over a completed year.

Cointelegraph, citing DefiLlama data, puts Kalshi’s trading volume over the past 30 days at about 15.8 billion dollars. That platform trading figure is separate from the company’s reported non-sports revenue measure; the supplied material does not break volume down by market category.

What it means for prediction markets

  • Funding and valuation: The 1 billion dollar round and valuation increase from 22 billion dollars in May to 40 billion dollars signal stronger investor backing for Kalshi.
  • Non-sports business: Kalshi’s annualized revenue claim gives prediction-market readers a measure of business activity beyond sports, but not a completed-year revenue total.
  • Volume versus liquidity: About 15.8 billion dollars in 30-day trading volume indicates substantial platform activity, but the aggregate does not establish liquidity in any individual contract.
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