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Valuation Doubles in Half a Year! Kalshi Eyes $750M Raise to Hit $40B, With the World Cup as the Biggest Driver
Blockchain

Valuation Doubles in Half a Year! Kalshi Eyes $750M Raise to Hit $40B, With the World Cup as the Biggest Driver

Prediction market platform Kalshi is reportedly in talks with Sequoia Capital and Wellington Management to lead a new funding round, with its valuation set to double from $20 billion in May to $40 billion—driven by a surge in revenue from sports contracts.

Kalshi's Valuation Doubles in Three Months to $40 Billion, Sequoia and Wellington Rush In With $750 Million
Blockchain

Kalshi's Valuation Doubles in Three Months to $40 Billion, Sequoia and Wellington Rush In With $750 Million

Kalshi raised funding at a $22 billion valuation just in May, and three months later the number being floated is $40 billion. Sequoia Capital and Wellington Management are both in talks to lead the round, backed up by annualized revenue that doubled in a single month.