Kalshi said on October 29 that it had raised $1 billion in a Series G financing round at a $40 billion post-money valuation. Wellington and Sequoia co-led the round, which the prediction-market operator said would support new trading products, institutional distribution and international growth.
Funding and investors
In its official Series G announcement, Kalshi identified Wellington and Sequoia as the round’s co-leads and named Baillie Gifford, Stripes, Andreessen Horowitz, Coatue, Layer Global, Morgan Stanley Investment Management, Sequoia Global Equities, CapitalG, Hudson River Trading and Balyasny Asset Management among the other investors. These are the company’s disclosed financing details.
A post-money valuation reflects the terms of a private financing round, not a public-market price or an independently guaranteed measure of the firm’s future financial performance.
Growth figures disclosed by Kalshi
The company said annualized overall trading volume had passed $1 trillion, that more than 30 million accounts had been created, and that it had more than $1 billion in annualized non-sports revenue.
Kalshi also claimed approximately $140 billion in annualized crypto trading volume and $83 billion in perpetual futures trading volume since the launch of that product several months earlier. Annualized figures extrapolate current activity and should not be confused with completed full-year results.
Why the financing matters to crypto
Kalshi began with event contracts but says it is expanding its trading business into crypto, perpetual futures, commodities and other financial instruments. BlockBriefing previously covered the NBA’s partnerships with Kalshi and Polymarket as another example of prediction-market distribution efforts. The fundraising indicates investor interest in prediction markets that sit alongside more traditional securities and derivatives venues.
For crypto-market participants, the relevant question is how products are structured, margined and regulated, not simply the headline valuation. Another regulatory issue in the sector is the CFTC’s jurisdiction dispute with Utah over prediction markets. Product-specific risks and market availability can differ substantially.
Where Kalshi plans to invest
Kalshi says proceeds will fund institutional sales, international expansion, new indexes, single-stock perpetuals and compute-related markets. Its October 29 release also described collaborations intended to broaden distribution.
The announced plans are forward-looking. The company has not guaranteed a launch date, trading volume or profitability for each proposed product.
Primary source and verification
Read the original announcement or data record for the underlying evidence. Figures and circumstances reflect the publication dates specified in this report and may change with subsequent disclosures.
BlockBriefing reports on digital assets for information, not as investment, legal or trading advice. Images created for this report are editorial illustrations, not documentation of the event.
