Kalshi in advanced talks to raise new funding at $40B valuation: Reuters
The prediction market was valued at $22 billion in a $1 billion funding round just four months ago, after doubling its valuation from December.
Prediction market platform Kalshi is reportedly engaging in advanced discussions to raise approximately $1 billion in a new funding round, aiming for a valuation of $40 billion, according to sources cited by Reuters. The company's valuation had already doubled from $22 billion to $40 billion following a $1 billion funding round just four months ago.
Existing investors Sequoia Capital and Wellington Management are said to be in talks to lead the new round, which might also involve participation from Tiger Global Management and Dragoneer Investment Group, according to individuals familiar with the situation. The potential funding round was first reported in June, with news outlets suggesting that Kalshi could finalize the deal as early as the third quarter of the year.
While initial reports surfaced in June, Kalshi has not yet confirmed the talks, and the company has not yet disclosed any details about the potential new investors. Attempts to obtain comment from Kalshi, Sequoia Capital, Wellington Management, Tiger Global Management, and Dragoneer Investment Group were unsuccessful.
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