Prediction Market Kalshi Raises $1 Billion at $40 Billion Valuation
The prediction market firm secures funding led by Wellington and Sequoia, reaching a valuation nearly double that of rival Polymarket despite ongoing legal challenges.
Headline and summary written by an AI model from the linked articles; not reviewed by a person. How this was made
First reported by The New York Times, 4h 07m ahead of the next publisher · who breaks stories first
This story has stopped developing; this page is its permanent record. More from that day
The story so far
4 publishers have covered this in 4 articles since 29 Oct 2026. The New York Times published first, on 29 October at 11:45 UTC; Cointelegraph.com News followed 4h 08m later. The most recent article, from Inc., appeared on 29 October at 19:35 UTC.
Outlets reporting it: The New York Times (major outlet), Cointelegraph.com News, theinformation.com, Inc..
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How it unfolded
Every source in the order it published.
- The New York TimesIts Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?
- Cointelegraph.com NewsKalshi raises $1B at $40B valuation as non-sports revenue run rate tops $1B
- theinformation.comKalshi Raises $1 Billion at $40 Billion Valuation
- Inc.Kalshi Is Now Worth $40 Billion. Its Next Fight Isn’t With a Competitor
Sources
Every article we clustered into this story. Headlines link to the publisher.
- Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next? The New York Times ·
- Kalshi Is Now Worth $40 Billion. Its Next Fight Isn’t With a Competitor Inc.
- Kalshi Raises $1 Billion at $40 Billion Valuation theinformation.com
- Kalshi raises $1B at $40B valuation as non-sports revenue run rate tops $1B Cointelegraph.com News
In this story
- Kalshi
- Wellington
- Sequoia
- Baillie Gifford
- Andreessen Horowitz
- Coatue