Shayne Coplan

Money Moves

Running Kalshi's main competitor as both fight for the same institutional market

Kalshi raised another $1 billion on October 30, at a $40 billion valuation, with Sequoia and Wellington leading the round. The deal came about five months after a $1 billion raise at $22 billion, and Kalshi says it will use the capital to expand beyond prediction markets into a multi-asset platform.

Updated Oct 31