Huoxing Finance reports that on June 25, according to the Financial Times, the prediction market platform Kalshi is in discussions with investors for a new funding round, targeting a valuation of approximately $40 billion, potentially completing as early as this third quarter. Previously, Kalshi completed a $1 billion funding round last month at a $22 billion valuation, with investors including Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows that Kalshi’s trading volume last month exceeded $17 billion, a significant increase from under $5 billion a year ago, with approximately 65% of the volume coming from sports event-related prediction contracts.
Kalshi Aims for $40 Billion Valuation in New Funding Round
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Summary
Kalshi is in discussions for a new funding round targeting a $40 billion valuation, with a potential close in Q3 2026. The platform raised $10 billion in May 2026 at a $220 billion valuation, supported by major firms including Coatue and Sequoia. Trading volume reached $170 billion in June 2026, up from under $50 billion a year earlier, with 65% tied to sports betting. Funding rates remain a key focus as the platform scales.
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