Funding
Kalshi Raises $1 Billion Funding to Reach $40 Billion Valuation
Kalshi, a prediction market platform, has raised $1 billion in a Series G funding round, increasing its valuation to $40 billion. The round was co-led by Wellington Management and Sequoia Capital. Kalshi's business now extends beyond sports-related contracts, with partnerships secured with the NBA and S&P Dow Jones Indices. However, the company faces legal pressure over its sports contracts in the United States, including criminal charges and a lawsuit from the Commodity Futures Trading Commission.