Polymarket · Financial Times · Andreessen Horowitz · Ark Invest · Cointelegraph
Kalshi seeks funding at $40 billion valuation, nearly doubling last raise: FT
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Kalshi is reportedly in talks to raise new capital at a $40 billion valuation, reflecting growing investor confidence in regulated prediction markets.
Key facts
- US-based prediction market platform Kalshi is reportedly in talks to raise funds at a $40 billion valuation, nearly doubling its $22 billion valuation
- Kalshi was founded in 2018 by Tarek Mansour and launched publicly in July 2021, with prediction markets gaining significant momentum in 2024 in the run-up to the US presidential election
- Kalshi closed a $1 billion Series F in May, led by Coatue Management, with participation from Andreessen Horowitz, Sequoia Capital, Morgan Stanley and Ark Invest
- Kalshi is reportedly in talks to raise new capital at a $40 billion valuation, reflecting growing investor confidence in regulated prediction markets
Summary
US-based prediction market platform Kalshi is reportedly in talks to raise funds at a $40 billion valuation, nearly doubling its $22 billion valuation in May. The company could close the new funding round as soon as the third quarter of this year, the Financial Times reported on Wednesday, citing people familiar with the matter. Kalshi closed a $1 billion Series F in May, led by Coatue Management, with participation from Andreessen Horowitz, Sequoia Capital, Morgan Stanley and Ark Invest. If the new funding round closes at a $40 billion valuation, Kalshi's value would have increased eightfold in less than a year, underscoring a surge in investor interest in prediction markets.