TLDR Tech / Crypto
Kalshi Seeks $40B Valuation Seven Weeks After $22B Raise
Prediction market operator Kalshi is in talks to raise capital at a roughly $40 billion valuation, nearly double the $22 billion price tag from a $1 billion round that closed just seven weeks prior. The compressed timeline between rounds reflects strong institutional demand for regulated prediction market exposure as the asset class gains mainstream traction in the United States. Kalshi's growth has been driven by regulatory approvals that permit the platform to offer event contracts on political and financial outcomes, a category that had previously faced significant legal resistance from the CFTC.
Read the full story