Kalshi in advanced talks for funding at $40B valuation
Reuters reports the prediction market is negotiating a round that would value it at $40 billion, up from $22 billion four months ago.
Kalshi is in advanced talks to raise a new funding round that would value the prediction market at $40 billion, according to a Reuters report.
The reported figure is a sharp step up from the company's last raise. Four months ago, Kalshi closed a $1 billion round at a $22 billion valuation — a level that had already doubled from its December valuation.
A fast re-rating
- Reported target valuation: $40 billion, per Reuters
- Previous round: $1 billion raised four months ago at a $22 billion valuation
- That $22 billion mark was itself double the company's December valuation
The talks are reported rather than confirmed, and terms could still change or the round could fall through. Neither Kalshi nor the reported participants have publicly announced a deal, leaving the $40 billion figure unverified. The report nonetheless points to continued investor appetite for regulated prediction markets, a sector that has drawn increasing attention from both backers and US regulators.