Kalshi is in advanced talks to raise about $1 billion from investors including Tiger Global and Dragoneer, valuing the prediction market at roughly $40 billion. Sequoia Capital and Wellington may lead the round, expected to close in coming weeks. The funding follows a $1 billion raise in May at a $22 billion valuation and comes as Kalshi leads rival Polymarket.
Kalshi in Talks for $1B Funding at $40B Valuation
Source: Reuters