Kalshi raises $1 billion at $40 billion valuation in Sequoia- and Wellington-led round

Kalshi raised $1 billion in a Series G round co-led by Sequoia Capital and Wellington Management, valuing the prediction-market startup at $40 billion, nearly double rival Polymarket's valuation. CEO Tarek Mansour confirmed the round; additional investors include Andreessen Horowitz and Morgan Stanley.

Detected & updated continuously · Source: Nebula