Kalshi raises $1 billion at $40 billion valuation in Sequoia-, Wellington-, Tiger Global- and Dragoneer-led round

Kalshi raised $1 billion in a Series G round co-led by Sequoia Capital, Wellington Management, Tiger Global and Dragoneer, valuing the prediction-market startup at $40 billion, an 82% rise from its $22 billion valuation five months ago and nearly double rival Polymarket's. CEO Tarek Mansour confirmed the round; additional investors include Andreessen Horowitz and Morgan Stanley.

Detected & updated continuously · Source: Nebula