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Kalshi is reportedly seeking a new funding round at a $40 billion valuation, nearly double its previous round in May, according to the Financial Times Source: Cointelegraph, CoinDesk.
Kalshi could close the round as soon as the third quarter of this year Source: Cointelegraph. The company's valuation has skyrocketed from $5 billion in October to $11 billion in December, $22 billion in May, and now a potential $40 billion Source: Cointelegraph. The previous Series F was led by Coatue Management with participation from Andreessen Horowitz, Sequoia Capital, Morgan Stanley, and Ark Invest Source: Cointelegraph.
Kalshi's lead over rival Polymarket continues to widen. Polymarket was last valued at $15 billion in April, while Kalshi's monthly notional trading volume reached $17.9 billion versus Polymarket's $7.1 billion in May Source: Cointelegraph. Kalshi partnered with Robinhood to offer sports event contracts, boosting its volume advantage Source: Cointelegraph. Meanwhile, Meta is reportedly developing a prediction market app called "Arena," and Cboe Global Markets launched Cboe Predicts Source: Cointelegraph.
Prediction markets face legal battles in the U.S. Kentucky recently sued Kalshi and Polymarket, alleging unlicensed sports betting Source: Cointelegraph. The CFTC has intervened, suing state authorities to assert exclusive regulatory authority over these platforms .
“Kalshi is reportedly in talks to raise new capital at a $40 billion valuation, reflecting growing investor confidence in regulated prediction markets.”
“If the new funding round closes at a $40 billion valuation, Kalshi's value would have increased eightfold in less than a year.”
“Kalshi is seeking to raise fresh capital at a valuation of about $40 billion, nearly doubling the $22 billion valuation it targeted in its previous funding round.”
“Kalshi operates as a federally regulated exchange in the United States, a distinction that has helped it attract mainstream investors and institutional backing.”
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