Tiger Global and Dragoneer in Talks to Invest in Kalshi’s B Fundraise, Sources Say

Tiger Global and Dragoneer in Talks to Invest in Kalshi’s $1B Fundraise, Sources Say

Tiger Global and Dragoneer eye $1B investment in Kalshi as prediction market leader targets $40B valuation.

September 30, 2026 One Min Read

POLICY WIRE — New York, United States — Kalshi, a leading prediction markets platform, is engaged in advanced talks to secure around $1 billion in new funding from both existing and new investors, including Tiger Global Management and Dragoneer Investment Group, according to individuals with knowledge of the discussions.

The proposed capital raise, expected to be finalized in the coming weeks, would value Kalshi at approximately $40 billion, marking a significant increase from its previous valuation of $22 billion following a $1 billion fundraising round in May. Sequoia Capital and Wellington Management are reportedly considering leading the latest funding round, as reported by The Information in August.

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Kalshi, founded in 2018 by MIT alumni Tarek Mansour and Luana Lopes Lara, has been expanding its offerings beyond traditional prediction markets, aiming to become a comprehensive trading platform that competes with major financial exchanges like CME Group and Intercontinental Exchange. Meanwhile, its main competitor, Polymarket, is also in talks to raise $1 billion, according to sources familiar with the matter.

Reporting by Policy-Wire (PW)

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