Financial Times · Polymarket · The Information · The Block
Kalshi in talks to raise funds at $40 billion valuation: FT
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Kalshi is in talks to raise funds at a valuation of $40 billion, the Financial Times reported on Wednesday.
Key facts
- The company's valuation stood at $5 billion when it raised $300 million in its Series D round in October 2025
- Kalshi's reported discussions of the upcoming raise follow its $1 billion Series F round disclosed last month, led by Coatue at a $22 billion valuation
- Kalshi has attracted $21.1 billion in volume so far this month, while Polymarket and its U.S. platform combined had around $9.7 billion, 's data dashboard
- Kalshi is in talks to raise funds at a valuation of $40 billion, the Financial Times reported on Wednesday
Summary
The U.S.-regulated prediction market platform could close the new funding round as early as the third quarter of this year, the report said, citing . Kalshi's reported discussions of the upcoming raise follow its $1 billion Series F round disclosed last month, led by Coatue at a $22 billion valuation. Kalshi's valuation has rapidly soared in the past year. Meanwhile, Kalshi is also in early discussions with investment banks for a potential initial public offering, and surpassed $2 billion in annualized revenue, The Information reported last week.