# Kalshi Raises $1B at a $40B Valuation as Prediction Market Fees Soar

*Author: David Christopher*
*Published: Nov 2, 2026*
*Source: https://www.bankless.com/read/news/kalshi-raises-1b-at-40b-valuation*

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Prediction market Kalshi [raised $1B](https://news.kalshi.com/p/kalshi-series-g-40-billion-valuation) at a $40B valuation in a round co-led by Wellington and Sequoia, joined by a16z, Coatue and Morgan Stanley Investment Management, among others. 

## What's the Scoop?

- **The Numbers:** Kalshi [says](https://news.kalshi.com/p/kalshi-series-g-40-billion-valuation) its annualized trading volume now tops $1T, it has opened more than 30M accounts and it handles over 75% of prediction market volume. Its perpetual futures (bets on an asset's price that never expire) did $83B in volume within a few months of launch. 

- **The Plan:** The money will fund new products like indices, single-stock perps and compute markets, plus a bigger push to win institutional traders and expand into Latin America and Europe. 

- **Zooming Out:** The raise lands as prediction markets boom. Investment firm 1kx [estimates](https://1kx.capital/writing/revenue-report-2026) the sector's fees topped $1.5B in Q3, up 19x from a year earlier, with Kalshi and Polymarket responsible for the bulk. On Oct. 30, the 76ers [became](https://www.sportsbusinessjournal.com/Articles/2026/10/30/76ers-become-first-nba-team-to-ink-deal-with-kalshi/) the first NBA team to partner with Kalshi, days after the league [named](https://www.bankless.com/read/news/nba-signs-cftc-pact-taps-kalshi-and-polymarket) Kalshi and Polymarket its preferred prediction markets.
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