Kalshi Soars to $40B Valuation After Fresh $1B Raise as Prediction-Market Wars Intensify

TL;DR: Kalshi closed a $1 billion funding round co-led by Sequoia Capital and Wellington Management, placing its private valuation at $40 billion. The figure represents an approximate 82% increase compared to the $22 billion recorded after its May 2026 round. Contracts tied to sports events contributed nearly 65% of the firm’s revenue in recent periods, ... Read more

Source: Crypto Economy