Kalshi Eyes $1B Raise at $40B Valuation, Nearly Double May's Figure
Summary
Kalshi is in advanced talks to raise about $1 billion at a $40 billion valuation, nearly double the $22 billion valuation from its May Series F round. Sequoia Capital and Wellington Management are in talks to lead, with Tiger Global and Dragoneer possibly joining. The round would mark a rapid valuation increase for the prediction market platform, which has faced regulatory battles in New York and elsewhere. The FT reported in June that the round could close as soon as Q3, and terms are not final. This follows a series of legal challenges and CFTC actions, but the funding interest suggests strong investor demand despite regulatory headwinds.
This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Cointelegraph.