Kalshi reportedly in talks to raise about $1B at roughly $40B
Investors undisclosed
Tracked in the Captables newsroom
Sum of non-overlapping disclosed USD amounts in confirmed primary financing entries in this record, including separately labeled equity components; not verified lifetime funding. Excludes amounts already included in a later round, announced, reported, database-only, debt, secondary and unclassified events.
0 confirmed primary rounds with disclosed USD amounts · Record through 2026-11-01Kalshi monetizes that exchange role rather than trading against customers. The company says it has no financial stake in which side wins and earns money by charging transaction fees based on a contract’s expected earnings. Directional traders, hedgers and market makers use the venue, though Kalshi’s help materials say most participants are retail traders. Because revenue comes from transactions, trading activity matters without requiring Kalshi to wager against its customers.
Business context from our coverage From coverage published Oct 3, 2026Valuations reported at the time of each round.
No dated financing valuation has passed into this record.
Funding rounds, debt and other financing events.
Headline association; not a reviewed issuer link. Unlinked article observations are not independently reconciled financing events. This is covered public-source history, not an exhaustive issuer ledger.
Investors undisclosed
Investors, lenders and other parties named in funding announcements.
No named participant has been added to this company’s public financing record.
Opening ownership research…
Kalshi matches users trading opposite sides of event contracts and charges transaction fees. Reuters reports advanced talks to raise about $1 billion at a roughly $40 billion valuation.
Captables Newsroom · 29d ago