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Kalshi raises $1 billion at a $40 billion valuation

Co-led Kalshi's $1 billion Series G

Kalshi raised $1 billion at a $40 billion valuation, up from $22 billion in May. Sequoia Capital and Wellington Management co-led the round. The company says the money will pay for single-stock perpetual futures, contracts tied to computing costs and index products built with S&P.

Updated 6 days ago