Prediction Market Kalshi in Talks to Raise $1 Billion at $40 Billion Valuation

According to a Reuters report, US-based prediction market platform Kalshi is in negotiations to raise $1 billion from investors, including Tiger Global Management and Dragoneer Investment Group. The funding round, expected to close within weeks, would value the company at approximately $40 billion. Sequoia Capital and Wellington Management are reportedly leading the investment efforts.