Key Takeaways
- • Kalshi, a CFTC-regulated financial exchange and prediction market operator based in New York City, raised $1 billion in a Series G round at a $40 billion post-money valuation, according to FinSMEs.
- • The round was co-led by Wellington Management and Sequoia Capital, with participation from Baillie Gifford, Stripes, Andreessen Horowitz (a16z), Coatue, Layer Global, Morgan Stanley Investment Management, Sequoia Global Equities, CapitalG, Hudson River Trading, and Balyasny Asset Management.
- • Proceeds will fund international expansion into Latin America and Europe, scaling institutional distribution for hedge funds and proprietary trading firms, and launching structured market indices, single-stock perpetual futures, and decentralized compute markets.
- • Kalshi reports more than $1 trillion in annualized aggregate trading volume and over 30 million registered user accounts.
- • Infrastructure partnerships with S&P, Nasdaq, Stripe, and Interactive Brokers underpin the company's institutional distribution push.
Summary
Kalshi, a New York City-based financial exchange and prediction market operator, has raised $1 billion in a Series G funding round at a $40 billion post-money valuation, according to FinSMEs. The round was co-led by Wellington Management and Sequoia Capital. Institutional participants include Baillie Gifford, Stripes, Andreessen Horowitz (a16z), Coatue, Layer Global, Morgan Stanley Investment Management, Sequoia Global Equities, CapitalG, Hudson River Trading, and Balyasny Asset Management.
Founded in 2018 by Tarek Mansour and Luana Lopes Lara, Kalshi operates a CFTC-regulated financial exchange that aggregates global liquidity, allowing individuals and institutions to trade, hedge, and price macro uncertainty. Its listed categories span politics, commodities, crypto, economics, and perpetual futures. The company states it has surpassed $1 trillion in annualized aggregate trading volume across more than 30 million registered user accounts.
The company plans to use the proceeds to accelerate international expansion into Latin America and Europe and to scale institutional distribution for hedge funds and proprietary trading firms. It also intends to launch new instruments, including structured market indices, single-stock perpetual futures, and decentralized compute markets. Kalshi's institutional distribution is supported by infrastructure partnerships with S&P, Nasdaq, Stripe, and Interactive Brokers.
Founded in 2018 by Tarek Mansour and Luana Lopes Lara, Kalshi operates a CFTC-regulated financial exchange that aggregates global liquidity, allowing individuals and institutions to trade, hedge, and price macro uncertainty. Its listed categories span politics, commodities, crypto, economics, and perpetual futures. The company states it has surpassed $1 trillion in annualized aggregate trading volume across more than 30 million registered user accounts.
The company plans to use the proceeds to accelerate international expansion into Latin America and Europe and to scale institutional distribution for hedge funds and proprietary trading firms. It also intends to launch new instruments, including structured market indices, single-stock perpetual futures, and decentralized compute markets. Kalshi's institutional distribution is supported by infrastructure partnerships with S&P, Nasdaq, Stripe, and Interactive Brokers.
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