ChainCatcher reports that the prediction market platform Kalshi is seeking at least $750 million in funding at a $40 billion valuation, doubling its valuation from $22 billion six months ago. The platform received approval from the U.S. Commodity Futures Trading Commission (CFTC) as a designated contract market in 2021. As of September 4, Kalshi’s trading volume over the past 30 days reached $14.1 billion, compared to $3.1 billion for Polymarket, with Kalshi accounting for approximately 82% of the combined trading volume. Over 80% of Kalshi’s trading volume comes from sports events.
Kalshi Aims to Raise $750M at a $40B Valuation, with 30-Day Volume Reaching $14.1B
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Summary
Kalshi is targeting a $750 million raise at a $40 billion valuation, up from $22 billion in six months. As of September 4, 2026, its 30-day trading volume reached $14.1 billion, accounting for 82% of the combined trading volume on Kalshi and Polymarket. Over 80% of Kalshi’s trading volume stems from sports-related events.
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