Kalshi Raises $1 Billion in Series G Funding at $40 Billion

Kalshi, a New York City-based financial exchange and prediction market operator, has raised $1 billion in a Series G funding round at a $40 billion post-money valuation.

The round was co-led by Wellington Management and Sequoia Capital, with participation from an institutional syndicate including Baillie Gifford, Stripes, Andreessen Horowitz (a16z), Coatue, Layer Global, Morgan Stanley Investment Management, Sequoia Global Equities, CapitalG, Hudson River Trading, and Balyasny Asset Management.

The company plans to use the funds to expand into Latin America and Europe, grow its institutional business and introduce new financial products.

What is Kalshi?

Kalshi operates a CFTC-regulated financial exchange where individuals and institutions can trade on the outcomes of real-world events. Its markets cover areas such as politics, economics, commodities, cryptocurrency and financial markets.

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The platform allows users to buy and sell contracts linked to specific outcomes. These markets provide a way to trade on expectations about future events and manage financial exposure to uncertainty.

Kalshi has also expanded into perpetual futures, derivative contracts that do not have a fixed expiry date. These products allow traders to maintain positions indefinitely, although they can involve high leverage and significant financial risk.

How Much Funding Has Kalshi Raised?

Kalshi raised $1 billion in its Series G round, bringing its post-money valuation to $40 billion.

The company has not disclosed its total funding raised across all previous rounds.

Who Invested in Kalshi’s Series G?

The latest funding round was co-led by Wellington Management and Sequoia Capital.

Other participating investors include:

• Baillie Gifford
• Stripes
• Andreessen Horowitz (a16z)
• Coatue
• Layer Global
• Morgan Stanley Investment Management
• Sequoia Global Equities
• CapitalG
• Hudson River Trading
• Balyasny Asset Management

Why the Funding Matters

Kalshi will use the new capital to accelerate its international expansion, with plans to enter markets across Latin America and Europe.

The company also plans to expand its institutional distribution network, particularly among hedge funds and proprietary trading firms.

In addition, it intends to introduce new financial products, including structured market indices, single-stock perpetual futures and decentralised compute markets.

Who founded Kalshi?

Kalshi was founded in 2018 by Tarek Mansour and Luana Lopes Lara. The company is headquartered in New York City.

It operates as a CFTC-regulated financial exchange serving both individual and institutional traders.

Market and Business Growth

Kalshi has reported more than $1 trillion in annualised aggregate trading volume across over 30 million registered user accounts.

The company has also expanded its institutional reach through infrastructure partnerships with S&P, Nasdaq, Stripe and Interactive Brokers.

In 2026 Kalshi entered the perpetual futures market after receiving approval from the Commodity Futures Trading Commission (CFTC) for the products. It initially introduced cryptocurrency perpetuals before expanding into equity indexes and metals.

What Happens Next?

Kalshi plans to expand into Latin America and Europe while strengthening its services for institutional traders.

The company will also work on new financial products, including structured market indices, single-stock perpetual futures and decentralised compute markets. These plans will support its efforts to expand its exchange across more markets and asset categories.

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