Kalshi in talks to raise funds at $40 billion valuation: FT
The Block·
60-second summary
Kalshi is in talks to raise funds at a valuation of $40 billion, a significant increase from its $5 billion valuation last October, reflecting the firm's rapid growth in the derivatives trading market. This surge in valuation underscores Kalshi's expanding market share and influence in the burgeoning decentralized finance (DeFi) sector. Market implications are substantial.
Kalshi's reported valuation reflects the firm's rapid growth, as it reported a $5 billion valuation last October.