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Kalshi Hits $40B Valuation After $1B Funding Round

By Drooid · Oct 29, 2026 · How we work

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Kalshi raised $1 billion, valuing the prediction-market startup at $40 billion.
Sequoia and Wellington co-led the round, with Tiger Global and Dragoneer also participating.
Kalshi’s valuation rose about 82% from $22 billion after a prior $1 billion round.
Utah’s attorney general filed criminal charges against Kalshi and two executives for alleged illegal online gambling promotion.
Dune Analytics shows Kalshi overtook Polymarket in market share during the past year.

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Kalshi raised $1 billion, valuing the prediction-market startup at $40 billion.
Sequoia and Wellington co-led the round, with Tiger Global and Dragoneer also participating.
Kalshi’s valuation rose about 82% from $22 billion after a prior $1 billion round.
Utah’s attorney general filed criminal charges against Kalshi and two executives for alleged illegal online gambling promotion.
Dune Analytics shows Kalshi overtook Polymarket in market share during the past year.