# Kalshi raises $1B at $40B valuation

_Published Thursday, October 29, 2026 at 9:42 AM EDT · Capital · Latest · Tier 2 — Notable_

Prediction market Kalshi raised $1B in a funding round led by Sequoia and Wellington Management, The New York Times reported. The round values the company at $40B, up from $22B after its $1B raise in May.

The financing is described as Kalshi's last raise before an IPO.

## Sources

- [Techmeme](https://www.techmeme.com/261029/p23#a261029p23)

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Canonical: https://techandbusiness.org/newswire/4gxkLPjd3Je_7LEKk74w-1
Published: 2026-10-29T13:42:36.905Z
Story chronology: 2026-10-29T11:55:00.000Z
Retrieved: 2026-10-29T15:54:28.441Z
Publisher: Tech & Business (techandbusiness.org)