Kalshi Valuation Hits $40 Billion in New Funding Round

Prediction market platform Kalshi is reportedly in advanced talks to raise approximately $1 billion, pushing its valuation to $40 billion. This follows a $1 billion Series F round in May 2026 that valued the company at $22 billion. Existing investors Sequoia Capital and Wellington Management are expected to lead the new round, with participation from Tiger Global and Dragoneer. Despite the rapid valuation growth, the company faces ongoing legal challenges regarding the classification of its prediction contracts, with potential implications for its regulatory status in the U.S.