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Prediction market platform Kalshi valued at $40B after $1B funding round

Market News
29 Oct 2026, 15:05 WIB
CNBC
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Bullish
Prediction market platform Kalshi valued at $40B after $1B funding round

Kalshi, a prediction market platform, raised $1 billion in its latest funding round, boosting its valuation to $40 billion from $22 billion in May. The company plans to expand beyond prediction markets by developing leveraged event contracts, perpetual futures linked to stocks, and trading on compute prices. Growth has been driven by events like the 2026 FIFA World Cup and the NFL season, despite legal challenges over sports-related contracts. Kalshi is also focusing on its institutional business and considering a public listing in 2027.

Kalshi's valuation surged to $40 billion following a $1 billion funding round, more than doubling since May. For readers following the Financials sector, here is Pluang's market snapshot as of Oct 29, 2026 17:53 WIB: out of 142 priced US Financials stocks, 94 rose and 43 fell. Notable movers include BBVA at USD 23.78 with a 1-day change of -4.92% and 100% buy order activity, OWL at USD 10.05 up 3.93%, and GLXY at USD 18.35 down 3.88%.

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