Kalshi has raised $3.6B across 9 funding rounds, plus 1 undated round. The latest round valued Kalshi at $22B post-money, with Coatue on the lead line.
Kalshi is backed by TCV, which led a funding round valuing the company at $22 billion. The capital backs a federally regulated exchange, regulated as a Designated Contract Market by the Commodity Futures Trading Commission, where traders buy event contracts on real-world outcomes.
9 funding rounds, the latest highlighted.
Kalshi was founded in 2018, United States.
No date is disclosed for this round.
A primary round — the company sells new shares to investors it selects. $150K raised, led by Y Combinator.
A primary round — the company sells new shares to investors it selects. $2M raised, led by Y Combinator.
A primary round — the company sells new shares to investors it selects. $6.1M raised.
Charles Schwab and other notable investors. $30M raised, led by Sequoia Capital.
Sequoia Capital, Multicoin Capital, Neo, BOND Capital. $185M raised, led by Paradigm.
Paradigm, CapitalG, Coinbase Ventures, General Catalyst, Spark Capital. $300M raised, led by Andreessen Horowitz, Sequoia Capital.
A16z Cultural Leadership Fund. $4.7M raised, led by Factory Holdings.
A primary round — the company sells new shares to investors it selects. $1B raised, led by TCV.
A primary round — the company sells new shares to investors it selects. $1.1B raised, led by Coatue.
No filing has been made.
9 dated rounds, newest first.
ParadigmLEAD
CoatueLEAD
TCVLEADFFactory HoldingsLEAD
Andreessen HorowitzLEADSSequoia CapitalLEAD
Y CombinatorLEADThe last valuation is $22B (post-money, May 2026).
Lead investors for each round are in the funding timeline.
The closest prediction markets / event contracts peers are on the competitors page.
The routes section explains what is realistically available for a company at this stage.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
