Kalshi, the prediction-market platform, is in discussions to raise about $750 million at a $40 billion valuation, according to reporting from multiple outlets. This comes as the company seeks additional capital at a significantly higher valuation than its most recent funding round.
CoinDesk and Yahoo Finance both describe the talks as involving major investors, including Sequoia and Wellington. The reporting also notes that Kalshi previously raised $1 billion in May, valuing the company at $22 billion. The new discussions would therefore roughly double the scale of the earlier round and increase the valuation by about $18 billion.
While the sources align on the valuation, the approximate size of the proposed raise, and the involvement of prominent investors, details such as final deal terms, timing, or whether the round is fully underwritten are not yet confirmed in the excerpts provided.
