Kalshi's $1 billion Series G reportedly values it at $40 billion

The prediction-market exchange announced the funding on Oct. 29, according to CNBC and PYMNTS. Sequoia Capital and Wellington Management co-led the round, CNBC reports. Kalshi plans indices, single-stock perpetual futures and compute markets; PYMNTS describes them as future products, not launches. PYMNTS also reports Kalshi’s claims of more than $1 trillion in annualized trading volume and upwards of 30 million accounts created.