Sources: Kalshi is in talks to raise funding at a $65B valuation, weeks after closing a round at a $40B valuation; its annual run rate recently surpassed $5B (Bloomberg)

Prediction marketplace Kalshi is in talks to raise new funding at a $65 billion valuation, according to Bloomberg. This follows a financing round finalized just days ago that valued the startup at $40 billion. Techmeme reports that the company's annual run rate has recently exceeded $5 billion.

CNA - Business reports that Kalshi raised $1 billion late last month in a round co-led by Sequoia and Wellington to expand beyond event contracts. This October fundraise occurred five months after a $1 billion round led by Coatue that valued the company at $22 billion. While the previous funding round was expected to be the last before an anticipated initial public offering, the company has decided to raise money again in the private markets. Kalshi could not be immediately reached for comment regarding the report.

Brief written by urgent.news from Techmeme, CNA - Business — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.