Kalshi raises $1B at $40B valuation, eyes exchange expansion
Kalshi has closed a $1 billion funding round at a $40 billion valuation, the company confirmed on Thursday, as it prepares to expand beyond prediction markets into broader exchange services.
The round, first reported by Bloomberg and Crypto Briefing earlier this month, positions Kalshi as one of the highest-valued private fintech startups. It follows recent funding activity in the prediction-market space, including a raise by rival Raven, reflecting investor interest in the sector.
Kalshi’s valuation growth reflects its push to move beyond event contracts and explore broader exchange services. The company has not disclosed its backers for this round, though its past investors have included major venture firms.
The raise arrives as Kalshi prepares for a potential IPO, a timeline that aligns with its regulatory progress and increasing trading volume. Whether it can sustain its valuation will depend on its ability to scale beyond its current niche—a challenge for many startups in the space. Observers will watch for signs of user growth and product expansion beyond its core offering.
Sources: msn.com
“The raise cements Kalshi as the most valuable prediction-market startup and signals its ambition to compete with traditional exchanges, not just niche event contracts.”
One of the funding rounds reported in the week of 26 October – 1 November 2026. See every round that week.
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