Kalshi says it is now a $40 billion company following a $1 billion funding round.

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“This funding accelerates our long-term vision: building the next-generation financial exchange,” the prediction market said in announcing its Series G Thursday (Oct. 29). “An exchange that gives individuals, businesses, and institutions more direct ways to understand the world, act on their beliefs, and manage risk.”

Kalshi said it will use the funding to expand the exchange, increase access around the world and launch new products such as indices, single-stock perpetual futures and compute markets.

“Each expands the ways people can express a view or manage a specific exposure—from the direction of an equity benchmark to the future cost of computing power,” the announcement said. “We recently announced a partnership with S&P, where we’ll work together to build indices on prediction markets.”

The company noted that while prediction markets remain central to Kalshi’s vision, they laid the foundation for “a much broader exchange.”

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Kalshi says it now has more than $1 billion in non-sports annualized revenue and with its overall business’s annualized trading volume now surpasses $1 trillion. Upwards of 30 million Kalshi accounts have been created, with the company making up more than 75% of prediction market trading volume.

The company’s commodities business has generated more than $100 million in annualized trading fees in only three months, while crypto trading volume has come to $140 billion annualized and politics trading volume has reached more than $8 billion annualized.

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