Kalshi in Talks to Raise Money at $40 Billion Valuation

3-line summary

• Prediction market Kalshi is in talks with Sequoia Capital and Wellington Management for a new $750 million funding round at a $40 billion valuation, according to a Yahoo Finance report.
• Kalshi last raised $1 billion in May at a $22 billion valuation, and the new round comes amid reports the company is considering an IPO in 2027.

This summary is our own processing of the source article; see the source link below for full context.