Kalshi raises style="font-family:var(--ff-display);font-size:clamp(1.4rem,3vw,1.9rem);font-weight:800;letter-spacing:-.04em;line-height:1.2;margin-bottom:14px;color:var(--tx)"B at $40B valuation as non-sports revenue run rate tops style="font-family:var(--ff-display);font-size:clamp(1.4rem,3vw,1.9rem);font-weight:800;letter-spacing:-.04em;line-height:1.2;margin-bottom:14px;color:var(--tx)"B

The funding round comes as Kalshi expands its partnerships with the NBA and S&P Dow Jones Indices while facing legal challenges over its sports contracts.