Kalshi completes $1 billion Series G funding round, valuing the company at $40 billion.

Kalshi has raised $1 billion in Series G funding, led by Sequoia Capital and Wellington Management, valuing the company at $40 billion. Other investors in this round include Baillie Gifford, Morgan Stanley Investment Management, Coatue Management, and Andreessen Horowitz. (Source: The New York Times)