Kalshi valuation jumps to $40 billion in latest funding round

Kalshi has completed a $1 billion funding round that values the prediction market exchange at $40 billion, the company announced on Thursday. That valuation comes after it completed its previous funding round in May, where it was valued at $22 billion . The latest round was co-led by Sequoia Capital and Wellington Management. Since the previous funding round, the company has seen continued growth in its prediction markets. That has been driven by events like the 2026 FIFA World Cup , the NFL season — both leading to explosive growth of combo contracts , similar to parlays on sportsbooks — and increased trading on elections markets ahead of the U.S. midterms .