US-based prediction market operator Kalshi has raised another $1 billion in funding, bringing its valuation to $40 billion. The new investment round nearly doubles the company’s valuation in just five months, highlighting continued investor interest in prediction markets and the company’s expansion into new financial products.
The round was co-led by investment firms Sequoia Capital and Wellington Management. Tiger Global Management and Dragoneer Investment Group also participated, according to Reuters.
In May 2026, Kalshi secured another $1 billion at a $22 billion valuation. Its latest funding round therefore represents an increase of approximately 82% in the company’s estimated value.
Sequoia and Wellington Lead New Funding Round
The latest $1 billion investment follows a period of rapid growth for Kalshi. The company has attracted major institutional investors as prediction markets have expanded beyond their original focus on political and sporting events.
Sequoia Capital was already an investor in the platform, while Wellington Management joined the group leading the new round. Tiger Global Management and Dragoneer Investment Group also took part in the financing.
The investment gives Kalshi additional capital to expand its business and develop a broader range of trading products.
The company has not limited its ambitions to prediction markets. It is increasingly positioning itself as a multi-asset trading platform, seeking to compete with established financial exchanges such as CME Group and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange.
Kalshi Expands Beyond Prediction Markets
In 2026, Kalshi began introducing perpetual futures, adding new instruments to its existing event-based contracts.
The platform initially launched cryptocurrency perpetual futures before expanding into contracts linked to equity indexes and metals.
Unlike traditional futures contracts, perpetual futures have no fixed expiration date. Traders can maintain positions without having to close or roll them over when a contract reaches maturity.
However, these instruments can involve leverage, which magnifies both potential profits and losses. As a result, they carry additional risks compared with products that do not use borrowed exposure.
The expansion reflects Kalshi’s broader strategy of offering access to multiple asset classes through a single platform.
Valuation Nearly Doubles in Five Months
The company’s latest funding round marks a substantial increase from its previous valuation.
In May 2026, Kalshi raised $1 billion at a valuation of $22 billion. The October financing values the business at $40 billion, representing growth of nearly 82% over approximately five months.
The latest investment also comes amid increasing competition in the prediction market sector. Platforms offering contracts tied to sports, elections, economic indicators and other real-world events have attracted growing attention from both retail users and institutional participants.
Kalshi is seeking to build on that demand by diversifying its product offering and expanding into markets traditionally served by major financial exchanges.
Competition With Traditional Financial Exchanges
Kalshi’s long-term ambitions extend beyond its position in the prediction market industry. The company aims to develop a broader trading ecosystem that could compete with established exchanges, including CME Group and ICE.
This strategy involves expanding the range of available contracts, attracting institutional traders and increasing participation across different asset classes.
The additional $1 billion provides funding for these plans as Kalshi continues to develop its perpetual futures business and other financial products.
However, its expansion also comes amid regulatory scrutiny in the United States. Prediction markets face ongoing legal questions over the classification of certain event contracts, particularly those linked to sports outcomes.
Despite these challenges, the latest funding round demonstrates that major investors continue to provide substantial capital to the sector.
Source: https://bookmaker-ratings.ru/news/categories/business-gambling-gaming/birzha-prognozov-kalshi-privlekla-1-mlrd-i-pochti-udvoila-ocenku-za-pyat-mesyacev/
