The post Sequoia, Tiger Global Circle Kalshi in Fresh $1B Funding Talks: Report appeared on BitcoinEthereumNews.com.
Key Takeaways Reuters reports that Kalshi is purportedly negotiating a $1 billion raise at a $40 billion valuation, up eightfold since October. Reportedly, Sequoia and Wellington are discussing leading Kalshi’s latest round as institutional trading expands. Kalshi’s financing remains unclosed as its legal fight with state gambling regulators continues. From $5 Billion to $40 Billion in Less Than a Year A company that investors valued at $5 billion last October, the prediction marketplace Kalshi, is now discussing a deal that would put its worth at $40 billion. That’s the rather extraordinary trajectory of Kalshi, the exchange where people trade contracts tied to everything from sporting events and elections to economic indicators. The latest negotiations, disclosed by Reuters reporter Anirban Sen on Sept. 29, involve raising approximately $1 billion, with a closing anticipated in the coming weeks. Here’s the interesting part: Kalshi secured another billion-dollar investment just five months ago, and its valuation has nearly doubled since then. Yet its biggest regulatory headache hasn’t gone away. Investors Line Up for Another Billion-Dollar Round Reuters reported that existing investor Sequoia Capital is discussing leading the financing alongside Wellington Management. The publication’s sources say Tiger Global Management and Dragoneer Investment Group are also negotiating participation. Sequoia partner Alfred Lin already occupies one of Kalshi’s five board seats. Kalshi and Tiger Global declined to comment, while the other prospective investors did not respond to requests from Reuters. The company’s valuation history tells quite a story. In October 2025, Kalshi raised $300 million at a $5 billion valuation before securing another $1 billion in December at an $11 billion valuation. By May 2026, the company had collected another $1 billion, doubling its valuation to $22 billion. Now, just four months later, the report says Kalshi is negotiating yet another billion-dollar financing round that would put…