Prediction market platform Kalshi is reportedly in advanced talks to raise approximately $1 billion in a new funding round at a valuation of $40 billion. The round would be led by existing investors Sequoia Capital and Wellington Management, potentially including Tiger Global Management and Dragoneer Investment Group. This valuation nearly doubles the $22 billion valuation achieved in the previous $1 billion Series F round closed in May. Reports about this potential funding first emerged in June, with the Financial Times suggesting a closure as early as the third quarter of 2025.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
