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CB Insights: Kalshi Financials

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Useful background reference for understanding the commercial scale and investor backing of Kalshi, a regulated prediction market platform sometimes discussed in AI forecasting and information aggregation contexts.

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Importance: 25/100news articlereference

Summary

CB Insights financial profile for Kalshi, the CFTC-regulated prediction market exchange. Shows Kalshi raised $1.536B across 11 rounds with a $11B valuation as of November 2025, with investors including Sequoia, Andreessen Horowitz, CapitalG, and Paradigm, and 2024 revenue of $24M.

Key Points

  • Kalshi raised $1.536B total across 11 funding rounds, including a $1B Series E in November 2025 at an $11B valuation
  • Major investors include Sequoia Capital, Andreessen Horowitz, CapitalG, Paradigm, ARK Invest, and Y Combinator
  • 2024 revenue was $24M, with the company growing rapidly as a regulated prediction market platform
  • Recent investors include Tradeweb Markets (corporate minority) and Jump Trading, signaling financial industry interest
  • Kalshi's growth trajectory reflects increasing institutional and mainstream interest in prediction/event markets

Cited by 1 page

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Kalshi (Prediction Market)Organization25.0

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Kalshi Stock Price, Funding, Valuation, Revenue & Financial Statements Total Raised

 $2.536B Investors Count

 41 Deal Terms

 5 Funding, Valuation & Revenue

 12 Fundings

 Kalshi has raised $2.536B over 12 rounds .

 Kalshi's latest funding round was a Series F for $1,000M on March 19, 2026 .

 Kalshi's valuation in November 2025 was $11,000M .

 Kalshi's latest post-money valuation is from March 2026 . 

 Sign up for a free demo to see Kalshi's valuations in March 2026, August 2025 and more.

 Kalshi's 2026 revenue was $1.5B . Kalshi's most recent revenue is from 2025 .

 Sign up for a free demo to see revenue data from 2026, 2025 and more.

 Date

 Round

 Amount

 Investors

 Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Revenue

 Sources

 3/19/2026

 Series F

 $1,000M

 Coatue , ARK Invest , Andreessen Horowitz , Paradigm , and Sequoia Capital 

 $XXM 

 $X.XXB

 ( (X.XXx) )

 FY XXXX

 12

 2/19/2026

 Corporate Minority

 

 Tradeweb Markets 

 $XXM 

 $1.5B

 FY 2026

 2

 2/7/2026

 Series E - II

 

 Giannis Antetokounmpo , and Team Ignite Ventures 

 $XXM 

 $X.XXB

 ( (X.XXx) )

 FY XXXX

 3

 11/6/2025

 Series E

 $XXM

 Subscribe to see more 

 ▲ $11,000M 

 $X.XXB

 ( (X.XXx) )

 FY XXXX

 10

 8/1/2025

 Series D

 $XXM

 Subscribe to see more 

 $XXM 

 $X.XXB

 ( (X.XXx) )

 FY XXXX

 10

 Date

 3/19/2026

 2/19/2026

 2/7/2026

 11/6/2025

 8/1/2025

 Round

 Series F

 Corporate Minority

 Series E - II

 Series E

 Series D

 Amount

 $1,000M

 

 

 $XXM

 $XXM

 Investors

 Coatue , ARK Invest , Andreessen Horowitz , Paradigm , and Sequoia Capital 

 Tradeweb Markets 

 Giannis Antetokounmpo , and Team Ignite Ventures 

 Subscribe to see more 

 Subscribe to see more 

 Valuation

 $XXM 

 $XXM 

 $XXM 

 ▲ $11,000M 

 $XXM 

 Revenue

 $X.XXB

 ( (X.XXx) )

 FY XXXX

 $1.5B

 FY 2026

 $X.XXB

 ( (X.XXx) )

 FY XXXX

 $X.XXB

 ( (X.XXx) )

 FY XXXX

 $X.XXB

 ( (X.XXx) )

 FY XXXX

 Sources

 12

 2

 3

 10

 10

 Learn more by requesting a demo Kalshi Deal Terms

 5 Deal Terms

 Kalshi's deal structure is available for 5 funding rounds , including their Series F from March 19, 2026 . 

 Round

 Series F

 Series E

 Series D

 Series C

 Series A

 Funding Date

 $XXM

 $XXM

 $XXM

 $XXM

 $XXM

 Pre-Money Valuation

 $XXM

 $XXM

 $XXM

 $XXM

 $XXM

 Post-Money Valuation

 $XXM

 $XXM

 $XXM

 $XXM

 $XXM

 Amount Raised

 $XXM

 $XXM

 $XXM

 $XXM

 $XXM

 Shares Authorized

 

 

 

 

 

 Issuance Price

 

 

 

 

 

 Dividend Rate

 

 

 

 

 

 Liquidation Preferences

 

 

 

 

 

 Liquidation Price

 

 

 

 

 

 Participation

 

 

 

 

 

 Conversion Price

 

 

 

 

 

 Anti Dilution

 

 

 

 

 

 General Voting

 $XXM

 $XXM

 $XXM

 $XXM

 $XXM

 Board Voting

 $XXM

 $XXM

 $XXM

 $XXM

 $XXM

 Par Value

 

 

 

 

 

 Round

 Funding Date

 P

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