Kalshi Courts $1B as Prediction Markets Draw Wall Street Capital: What's Going On Today

Markets

Prediction-market company Kalshi is in advanced discussions to raise about $1 billion in fresh funding, Reuters reported on September 29, citing people familiar with the matter. Tiger Global and Dragoneer are among investors in talks to participate, alongside existing backers. The proposed financing would bring substantial new capital into a sector where users trade contracts tied to real-world events.

Tech

Kalshi’s platform lets users buy and sell event-based contracts, putting it at the intersection of financial services and consumer technology. Reuters described the talks as ongoing, so the amount and investor participation are not final and could change. The report does not establish a completed funding round.

Sources

Reuters.