Sequoia and Wellington in Talks to Lead $750 Million Kalshi Funding Round

Sequoia and Wellington in talks to lead $750 million Kalshi funding round

The new capital influx would nearly double Kalshi’s valuation from $22 billion in May, widening its lead over rival prediction platform Polymarket.

Polymarket Runs on Polygon. That's Why Wall Street Just Priced It Like an Exchange. - BlockTelegraph

TLDR Polymarket settles trades through audited smart contracts on Polygon, not through a bank. Your USDC and outcome tokens sit in your own wallet; Polymarket itself never takes custody of your funds. Kalshi, its biggest rival, runs the opposite model: a centralized, CFTC-regulated exchange that holds customer cash in FDIC-insured accounts at banks like JPMorgan Chase and BNY Mellon. Investors are pricing both like infrastructure, not apps. Kal…

Kalshi Targets $750M Funding at Striking $40B Valuation

TL;DR Kalshi is negotiating a funding round of at least $750M with Sequoia Capital and Wellington Management, at a $40 billion valuation. The platform had already raised $1 billion in May at a $22 billion valuation, meaning the new figure would nearly double that amount. With 95% market share in the U.S. and $4 billion in annualized revenue, the firm leads the prediction markets segment. Kalshi, the CFTC-regulated prediction markets platform, i…

Report: Kalshi seeks $40B valuation, Sequoia and Wellington eye lead investor role

Kalshi is negotiating a capital raise at a $40 billion valuation, nearly double the $22 billion from May 2026. Sequoia Capital and Wellington Management are said to be in talks to co-lead the round, as Kalshi’s annualized revenue has passed $4 billion. Kalshi built its market position by taking legal action against its federal regulator, despite some investors opposing it. Sequoia Capital and Wellington Management are in talks to co-lead a new f…

Kalshi Eyes $40 Billion Valuation in $750 Million Funding Round

Prediction market giant Kalshi is reportedly in advanced talks to raise at least $750 million in a new funding round that would value the company at $40 billion, highlighting its rapid growth amid booming demand for prediction markets. According to The Information, existing investor Sequoia Capital and Wellington Management are considering leading the round, which could ultimately exceed $750 million. Sequoia, a Silicon Valley venture capital fi…

Polymarket Hires Bird Founder: Kalshi's $37.7B vs Its $12.9B

Why Did Polymarket Hire Travis VanderZanden? Polymarket has hired Bird founder Travis VanderZanden as chief growth officer as the prediction market platform faces heavier competition from Kalshi and a growing group of crypto exchanges, sportsbooks and trading apps entering event markets. VanderZanden previously held executive roles at Uber and Lyft before founding electric scooter-sharing company Bird. His background is closely associated with t…