Kalshi Raises $1 Billion in Series G Funding

Crypto and crypto-linked companies announced at least $1.24 billion across 10 disclosed financings between Oct. 24 and Oct. 30, according to CryptoNews. The funding round was led by prediction market and exchange Kalshi, which secured $1 billion in a Series G financing round.

Kalshi Secures $1 Billion Series G

Kalshi announced its Series G on Oct. 29, drawing co-leads from Wellington Management and Sequoia. Participants in the round included Baillie Gifford, Andreessen Horowitz, Coatue, CapitalG, and Morgan Stanley Investment Management. The transaction values the company at $40 billion post-money.

According to the company, proceeds from the round will support institutional sales, distribution, product development, and international expansion into Latin America and Europe. Planned product lines include indices, single-stock perpetual futures, and compute markets.

Infrastructure and Stablecoin Financings

Other notable transactions during the week included HIVE Digital Technologies, whose BUZZ Alpha Cloud subsidiary arranged a $129 million loan agreement with an institutional lender. The three-year facility carries a fixed annual interest rate of 9% and will finance Nvidia GPU systems and related infrastructure for a Canadian deployment supporting a Cohere contract.

Meanwhile, PhotonPay closed a $40 million Series C funding round led by Blockchain Capital, with participation from SBI Group, IDG Capital, GL Ventures, and Lightspeed Faction. The company plans to expand its multi-asset wallets, global card issuance, and local clearing infrastructure.

Key facts

• Kalshi raised $1 billion in a Series G funding round at a $40 billion valuation.
• HIVE’s BUZZ subsidiary secured an approximately $129 million loan at a 9% fixed interest rate.
• PhotonPay closed a $40 million Series C round led by Blockchain Capital.
• Ten disclosed financings across the industry totaled approximately $1.24 billion during the Oct. 24–30 period.