Daily Market Updates: Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?

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Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?

Reported · Written up by our desk · Equities

The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.

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NYT BusinessIts Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?

US Markets

Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?

More like this

Sources

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