Kalshi Raises $1 Billion, Surging to $40 Billion Valuation
Kalshi's latest funding round values the prediction market platform at $40 billion, nearly doubling its May valuation.
Kalshi's latest funding round values the prediction market platform at $40 billion, nearly doubling its May valuation. Bitcoin (BTC) is trading at $81,140.00. This is an original TLT brief synthesising 4 outlets (Bitcoin.com, U.Today, Cointelegraph, and others), with their figures cross-checked, plus live market data, as of Thu, 29 Oct 2026 17:00:05 UTC.
Kalshi's massive valuation increase highlights growing investor confidence in prediction markets as alternatives to traditional derivatives exchanges, potentially reshaping the financial landscape.
- Kalshi raises $1 billion at $40 billion valuation, up from $22 billion in May.
- Investment led by Sequoia Capital and Wellington Management.
- Bitcoin sees $1 billion net outflow from exchanges amid market speculation.
Both Bitcoin.com and U.Today report that Kalshi has raised $1 billion in funding, pushing its valuation to $40 billion, a significant increase from its $22 billion valuation in May. However, U.Today focuses on a separate event, highlighting a $1 billion Bitcoin exchange exodus, while Bitcoin.com emphasizes Kalshi's potential to challenge established derivatives exchanges.
Prediction market platform Kalshi has secured a $1 billion funding round, boosting its valuation to $40 billion, according to multiple outlets. This valuation is nearly 82% higher than its $22 billion valuation in May, marking a significant leap in investor confidence.
The funding round was led by Sequoia Capital and Wellington Management, indicating strong support from major financial players. Kalshi is now poised to compete with traditional derivatives exchanges, leveraging its unique market position and the growing interest in alternative financial instruments.
While Kalshi's funding round is the main focus, U.Today reports a separate but notable event: a $1 billion net outflow of 
Bitcoin from exchanges. This massive movement of Bitcoin, one of the largest daily outflows this month, has fueled speculation about a potential supply shock and its impact on the market.
The broader crypto market remains relatively flat, with a total market cap of $2.78 trillion. Bitcoin itself is trading at $81,174, showing a 24-hour increase of 0.79% and a 7-day decrease of 0.78%. The market's Fear & Greed index stands at 51, indicating a neutral sentiment.
Kalshi's successful funding round underscores the growing interest in prediction markets and their potential to disrupt traditional financial systems. Meanwhile, the significant Bitcoin outflow suggests ongoing shifts in investor behavior and market dynamics. Investors will be watching Kalshi's next moves and the broader market response to these developments.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $81,174.00 to $81,140.00 — -0.04%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦112.06M (about $81,140.00), up 0.7% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 29, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Kalshi Raises $1 Billion, Surging to $40 Billion Valuation — questions & answers
What is Kalshi's new valuation after the funding round?
Kalshi's new valuation is $40 billion, up from $22 billion in May.
Who led Kalshi's $1 billion funding round?
The funding round was led by Sequoia Capital and Wellington Management.
What is the significance of the $1 billion Bitcoin outflow?
The $1 billion Bitcoin outflow from exchanges suggests potential market volatility and a possible supply shock.
How much is 1 Bitcoin worth in naira today?
About ₦112.06M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $81,140.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Bitcoin.com, U.Today, Cointelegraph, Unchained, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.