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Coatue, Balyasny and Millennium back Kalshi in $1bn funding round

Several major hedge funds, including, Balyasny, Millennium, and Tiger Global, have participated in a $1bn funding round for prediction market platform Kalshi, valuing the company at $40bn, according to a report by Institutional Investor. The Series G financing, co-led by Wellington and Sequoia Capital, nearly doubles Kalshi's valuation from the $22bn achieved in its previous $1bn funding round…

We haven't written up this one. Hedgeweek has the full story — the link below goes straight to it.

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