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Kalshi seeks about $1B more funding at $40B valuation

The prediction market had been valued at $22B in a $1B funding round four months earlier, after doubling from December.

Reported · Written up by our desk · Market Structure

Kalshi is in advanced talks to raise about $1 billion in a new funding round that would value the prediction market platform at $40 billion, according to Reuters, as covered by Cointelegraph.

The report says existing investors Sequoia Capital and Wellington Management are in talks to lead the round, which could include Tiger Global Management and Dragoneer Investment Group, based on people familiar with the matter.

The latest effort comes after Kalshi closed a $1 billion Series F round in May at a $22 billion valuation, which doubled its valuation from December.

Cointelegraph notes that the first reports of Kalshi seeking funding at a $40 billion valuation emerged after that May round.

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