Prediction Market Kalshi Now Worth $40 Billion After $1 Billion Round, Eyes Single-Stock Perps

Kalshi has raised $1 billion at a $40 billion valuation and is branching out from prediction markets, CNBC reported . The new products it plans to fund include single-stock perps, leveraged versions of its event contracts and a market for trading compute prices. Sequoia Capital and Wellington Management reportedly co-led the round. Tiger Global Management and Dragoneer Investment Group also invested, Reuters reported , citing a person familiar with the matter. The new mark is up from the $22 billion valuation Kalshi announced in May , when Coatue led a $1 billion Series F. In October 2025, a $300 million Series D co-led by Andreessen Horowitz and Sequoia valued the company at $5 billion.

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