Kalshi announced on Oct. 29, 2026 that it raised a $1 billion Series G at a $40 billion valuation, co-led by Sequoia Capital and Wellington Management.

Kalshi announced on Oct. 29, 2026 that it raised a $1 billion Series G at a $40 billion valuation, co-led by Sequoia Capital and Wellington Management.

The Information reporter Yueqi Yang confirmed the announcement the same day, after earlier reporting exclusive talks on that structure. Dune congratulated the team linking the Reuters report, and Paradigm co-founder Matt Huang also congratulated founders Tarek Mansour and Luana Lopes Lara.

The quoted deal summary names additional investors as Andreessen Horowitz, Morgan Stanley Investment Management, Coatue and CapitalG.

Kalshi said it now makes over $1 billion in annualized revenue from non-sports markets, highlighting demand beyond sports.

CNBC reported the round was up from $22 billion in May 2026 and $5 billion in October 2025, with funds to build a broader exchange including leveraged event contracts, single-stock perpetual futures and compute-price markets plus institutional business.

CNBC discloses a commercial relationship with Kalshi including customer acquisition and a minority investment.