Prediction market platform Kalshi is in talks with investors about raising new funding at a valuation of $65 billion, according to reports cited by multiple outlets. This comes after the company previously completed what was described as a near-final funding round at a $40 billion valuation.
The coverage places the latest discussions in the context of Kalshi’s recent financing trajectory, including that the $40 billion round was expected to be its last ahead of an initial public offering (IPO). Bloomberg Technology and Quartz both describe the new valuation as part of ongoing talks, while Quartz specifically notes the $40 billion round was expected to be the last before an IPO.
Overall, outlets align on the key figures—$40 billion for the prior round and $65 billion for the new talks—and on the idea that this is a renewed effort to raise capital shortly after earlier funding activity.
