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Kalshi raises 1 billion dollars at a 40 billion dollar valuation, nearly doubling its value in five months

  • Kalshi raises 1 billion dollars at a 40 billion dollar valuation, nearly doubling its value in five months — Kalshi raised 1 billion dollars in a round co-led by Sequoia Capital and Wellington Management at a 40 billion dollar valuation, up from 22 billion dollars in May. The company plans to use the funds for leveraged event contracts, perpetual futures on individual stocks, markets on the price of compute, and its institutional business. (Lumida News)

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