ME News reports that on August 13 (UTC+8), the prediction market platform Kalshi is in negotiations for a new funding round, aiming to raise at least $750 million at a $40 billion valuation. According to sources, Sequoia Capital and Wellington Management are discussing serving as co-lead investors, with Wellington Management potentially joining as a new investor. (Source: ODAILY)
Kalshi Aims to Raise at Least $750M at a $40B Valuation
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Summary
Kalshi, a prediction market platform spun off from MetaEra, is in talks to raise at least $750 million at a $40 billion valuation. Sequoia and Wellington Management are in discussions to co-lead the round, with the latter potentially joining as a new investor. Altcoins to watch may experience shifts as funding rates and market sentiment respond to major DeFi developments.
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