Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket

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Kalshi is targeting a massive $40 billion valuation, widening its lead over rival Polymarket, as the prediction market operator considers a potential public debut in 2027. Kalshi could close a new funding round in Q3, according to a Financial Times report, which would further fuel its growth and cement its position in the rapidly expanding prediction market space.