Kalshi has raised USD 1 billion (ca. EUR 895 million) at a USD 40 billion (ca. EUR 35.8 billion) valuation. The Kalshi Series G follows another funding round five months earlier. Kalshi operates a US-regulated prediction market exchange, including sports-related contracts.

• Funding and valuation: The Kalshi Series G was co-led by Wellington Management and Sequoia Capital, with other investors including Andreessen Horowitz, Coatue, Morgan Stanley Investment Management and CapitalG. The valuation increased 82% from USD 22bn (ca. EUR 19.7bn) five months earlier. The funding will support new products and international expansion.
• Trading activity: Annualised trading volume exceeds USD 1tn (ca. EUR 895bn), according to Kalshi. The company reports more than 30 million accounts. Non-sports annualised revenue has passed USD 1bn (ca. EUR 895m).
• Sports and other markets: Kalshi offers contracts covering sports, politics, crypto and economic events. Annualised crypto trading volume reached USD 140bn (ca. EUR 125bn), while politics exceeded USD 8bn (ca. EUR 7.2bn). Perpetual futures trading volume reached USD 83bn (ca. EUR 74bn) since launch.
• International expansion: Kalshi operates internationally in more than 140 countries. International retail trading fees are approaching USD 100m (ca. EUR 90m) annualised. The company plans further expansion in Europe and Latin America.

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