Prediction market platform Kalshi is in talks to raise capital at a $40 billion valuation, according to a Financial Times report. The figure marks a dramatic increase from the $5 billion valuation the company reported last October, underscoring the rapid expansion of the prediction market sector. Kalshi allows users to trade on the outcomes of real-world events, ranging from politics and economics to sports and culture. The reported valuation reflects surging investor interest in event-based trading platforms, which have gained mainstream attention in recent months. If completed, the funding round would position Kalshi among the more highly valued companies in the broader trading and fintech landscape. The terms of the deal, including the amount of capital being raised and participating investors, were not specified. Kalshi has not publicly confirmed the reported discussions or valuation figures.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.