Kalshi confirmed a $1bn Series F funding round at a $22bn valuation, according to the report. CEO and co-founder Tarek Mansour said annualised trading volume stood at $178bn and argued that event contracts could become a trillion-dollar market.
The funding and reported trading volume indicate the scale of capital and activity in prediction markets.
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Kalshi reportedly raised $1bn in a funding round that valued the prediction market at $11bn, according to an unnamed insider cited in the report. Sequoia and CapitalG organised the round, and several previous investors also participated, the report said.
Kalshi chief executive Tarek Mansour said the company is considering an IPO but will not go public in 2026, describing the discussions as early-stage. A fundraising round targeting a $40 billion valuation was reported, while Kalshi’s last stated valuation was $22 billion after a $1 billion Series F in March. Mansour gave no listing date beyond saying a 2026 debut was ruled out.
Kalshi confirmed a $2 million, two-year investment in the National Council on Problem Gambling to support its initiatives. The contribution will fund the council’s Financial Trader Health and Safety Initiative, including consumer education and awareness of warning signs of harmful behaviour. Kalshi will join the council as a Platinum-level member and enter its Leadership Circle.
Kalshi reportedly raised $1 billion in a financing round that values the prediction-market operator at $22 billion. The reported valuation is double the figure following its December 2025 financing; investors led by Coatue Management reportedly participated.
The Alabama-Quassarte Tribal Town and Samuel Marshall Jr. filed a lawsuit against Kalshi and three other defendants on 30 October in Muscogee (Creek) Nation District Court, seeking to stop PokkeTrades’ launch. The plaintiffs say Wilson Yargee lacked authority to sign the deal; Kalshi says the agreement is valid and that a tribal council approved it.
The Alabama-Quassarte Tribal Town and Samuel Marshall Jr. have sued Kalshi and other defendants, seeking an emergency order to stop the launch of the proposed PokkeTrades prediction market app. The plaintiffs allege that Wilson Yargee lacked authority to approve the partnership behind it.