Kalshi in Talks for $1 Billion Funding Round at $40 Billion Valuation

Prediction market platform Kalshi is in advanced negotiations to raise approximately $1 billion in a new funding round, according to Reuters. Investors including Tiger Global Management and Dragoneer Investment Group are involved, with Sequoia Capital and Wellington Management potentially leading the round. The deal is expected to close in the coming weeks, valuing the company at approximately $40 billion. Kalshi plans to use the capital to expand its platform beyond sports and election betting into a comprehensive trading venue for various asset classes, with a potential IPO in the coming years.