Prediction market Kalshi completes $1 billion funding round at a $40 billion valuation, possibly its last round before IPO

October 29 — Tarek Mansour, co-founder and CEO of prediction market Kalshi, said that Kalshi has completed a $1 billion Series G funding round led by Sequoia Capital and Wellington Management. Other investors in this round include Baillie Gifford, Morgan Stanley Investment Management, Coatue Management, and Andreessen Horowitz. Kalshi's valuation reached $40 billion.