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Prediction Markets Unverified First seen

Kalshi raises $1bn Series G at $40bn valuation, backed by hedge funds

Hedgeweek reports that Kalshi raised a $1bn Series G funding round valuing the prediction market platform at $40bn, citing Institutional Investor. The round was co-led by Wellington and Sequoia Capital, with Coatue and Balyasny confirmed as participants and Millennium and Tiger Global identified as investors by Crunchbase. The report states the valuation nearly doubles the $22bn reached in a previous $1bn round less than six months earlier, and that Kalshi reported more than $1tn in annualised trading volume and over 30 million registered accounts.

Why “Unverified”

  • Reported by Hedgeweek alone, with no second source or primary confirmation yet

1 independent source group across 1 post · evidence score 48/100. How labels work

What the sources claim

  1. Kalshi raised a $1bn funding round that valued the company at $40bn.

    “have participated in a $1bn funding round for prediction market platform Kalshi, valuing the company at $40bn”
    Hedgeweek

  2. The Series G round was co-led by Wellington and Sequoia Capital.

    “The Series G financing, co-led by Wellington and Sequoia Capital”
    Hedgeweek

  3. The new valuation nearly doubles the $22bn from Kalshi's previous $1bn round less than six months earlier.

    “nearly doubles Kalshi's valuation from the $22bn achieved in its previous $1bn funding round less than six months earlier”
    Hedgeweek

  4. Coatue and Balyasny were confirmed as participants in the latest round.

    “Coatue and Balyasny were confirmed as participants in the latest round”
    Hedgeweek

  5. Kalshi reported more than $1tn in annualised trading volume and over 30 million registered accounts.

    “more than $1tn in annualised trading volume, over 30 million registered accounts”
    Hedgeweek

  6. Kalshi holds a market share exceeding 75% of prediction market trading activity.

    “a market share exceeding 75% of prediction market trading activity”
    Hedgeweek

Sources

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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-11-04 10:00 UTC. Labels are computed from the sources, not by the model.