The post Kalshi Funding Valuation Hits $40 Billion Amid Growth appeared on BitcoinEthereumNews.com.
Kalshi is closing in on a deal that would make it one of the most valuable private financial-technology companies in the country. According to Reuters, citing sources familiar with the confidential discussions, the prediction-market platform is now deep in negotiations to secure approximately $1 billion in new funding, with figures under discussion potentially lifting the Kalshi funding valuation to nearly $40 billion — representing an increase of about 82% compared to just a few months earlier. Key takeaways Kalshi is in advanced talks to raise about $1 billion at a valuation near $40 billion, up roughly 82% from its $22 billion valuation set in May. Sequoia Capital and Wellington Management are reportedly discussing leading the round, with Tiger Global Management and Dragoneer Investment Group named as possible new participants. Kalshi’s annualized trading volume climbed from $52 billion to $178 billion over six months, and the company is a CFTC-designated contract market. Kalshi has held early talks about an eventual IPO but has filed no formal prospectus, while rival Polymarket is separately chasing about $1 billion of its own. Legal fights over whether some event contracts count as gambling under state law remain unresolved, with a Sixth Circuit ruling issued on September 25. Kalshi’s Advanced Funding Negotiations The talks put Kalshi on track for a valuation roughly 82% higher than the $22 billion mark it hit in May, when the company closed a $1 billion Series F round. Nothing has closed yet, and Kalshi has not confirmed the new round publicly. Reuters reported the transaction “is expected to be finalized in coming weeks,” based on its sources, though both the company and several of the investors named declined to comment or did not respond to requests. Valuation Surge to $40 Billion The scale of the jump is notable even by startup…