San Francisco based online trading startup for wagering on questions about future events raised $30m in Series A funding led by Sequoia Capital.
“The universe of what has financial value is expanding rapidly. Markets for information, digital assets and even sneakers are becoming just as valuable as legacy markets for commodities, such as oil, crops and gold,” said Tarek Mansour, co-founder and CEO of Kalshi. “It’s clear that derivatives markets have some catching up to do, which is why Kalshi will offer event contracts as a novel asset class that covers a broad range of topics. These contracts will become a powerful instrument in the modern investor’s toolkit.”