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Kalshi announced a $1 billion Series G financing round at a $40 billion post-money valuation. Wellington and Sequoia co-led the round, according to Kalshi News.
Other investors included Baillie Gifford, Stripes, Andreessen Horowitz, Coatue, Layer Global and Morgan Stanley Investment Management. Sequoia Global Equities, CapitalG, Hudson River Trading and Balyasny Asset Management also participated.
The prediction market operator said the capital will support exchange growth, new products, institutional adoption and international expansion.
Kalshi Reports Growth Across Non-Sports Markets
Kalshi reported more than $1 billion in non-sports annualized revenue. Its overall annualized trading volume exceeds $1 trillion, the company said.
The company also reported more than 30 million accounts created and over 75% of prediction market trading volume.
Commodities reached more than $100 million in annualized trading fees within three months, according to Kalshi. It reported annualized crypto trading volume of $140 billion and annualized politics trading volume exceeding $8 billion.
Kalshi said its perpetual futures business has generated $83 billion in trading volume since launching a few months ago. More than 500,000 traders have used that business.
Approximately 500 entities were active on the platform in September, the company said. Entities excluding market makers represented approximately 25% of total exchange trading volume.
New Products and International Expansion Planned
Kalshi plans to invest in institutional sales, distribution and product development. Planned products include indices, single-stock perpetual futures and compute markets.
The company said it recently announced a partnership with S&P to build indices on prediction markets.
Its international retail business is approaching $100 million in annualized trading fees, according to Kalshi. That business launched in more than 140 countries a year ago.
Kalshi said it will also invest in further international expansion, focusing on Latin America and Europe.
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Source: As reported by Kalshi News.
