Kalshi in talks with Sequoia, Wellington for $750 million fund raise at $40 billion valuation
60-second summary
Kalshi is in talks with Sequoia and Wellington to raise a $750 million fund at a $40 billion valuation, a significant increase from its $22 billion valuation in May when it raised $1 billion. This new round could nearly double the valuation, underscoring investor confidence in the prediction-market platform's growth prospects and potential. Market implications are yet to be seen.
The prediction-market platform raised $1 billion at a $22 billion valuation in May and is now discussing a new round that could nearly double that figure.