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Kalshi’s valuation reaches $40 billion with second $1 billion funding round

Kalshi announced the 1 billion dollar round on October 29, just over five months after it raised 1 billion dollars at a 22 billion dollar valuation in May. Tiger Global Management and Dragoneer Investment Group also participated, according to Reuters reporting cited by Sigma.

Kalshi announced a $1 billion funding round on October 29 at a $40 billion valuation, according to Reuters reporting cited by Sigma. Sequoia and Wellington Management co-led the financing.

The announcement came just over five months after Kalshi raised $1 billion in May at a $22 billion valuation.

Valuation rises between rounds

The latest financing matched the size of the May round while placing a higher valuation on Kalshi. The two announcements provide distinct funding benchmarks: $22 billion in May and $40 billion on October 29.

Tiger Global Management and Dragoneer Investment Group also participated in the latest round, according to Reuters reporting cited by Sigma. The supplied summary does not specify individual investment amounts or how Kalshi plans to use the funds.

What it means for prediction markets

  • The financing establishes a new reported valuation benchmark for Kalshi, separate from the probabilities priced in prediction-market contracts.
  • The higher valuation and repeat $1 billion raise are funding developments; the supplied reporting contains no trading-volume or revenue figures with which to assess operating performance.
  • Sequoia, Wellington Management, Tiger Global Management and Dragoneer Investment Group participated, but their individual commitments were not specified in the summary.
KalshiInfiniti MarketsInfiniti Signals

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