Prediction-market firm Kalshi seeks a new funding round, with a report saying it is in advanced talks to raise capital at a $40 billion valuation. One outlet also reports that the company is pursuing about $1 billion in new funding.
Context is provided by earlier fundraising activity. Four months earlier, Kalshi is reported to have raised a $1 billion round at a $22 billion valuation, after its valuation had doubled from December. With the latest talks described at a higher valuation, the coverage focuses on how quickly the company’s reported value has risen and what the new investment round could look like.
