Kalshi Seeks $40B Valuation Weeks After $1B Raise: FT
Decrypt·
60-second summary
Kalshi is reportedly seeking a valuation of $40 billion, nearly double its previous valuation of $22 billion from last month, just weeks after securing a $1 billion funding raise. This ambitious target comes amid a federal-state regulatory dispute, which may impact the platform's growth trajectory and overall market influence, potentially affecting the broader crypto and fintech sectors.
The prediction market seeks a valuation near double the $22 billion it hit last month, as a federal-state fight over regulation escalates.