ME News reports that on June 25 (UTC+8), the prediction market platform Kalshi is in talks with investors for a new funding round, targeting a valuation of approximately $40 billion, with the round potentially closing 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. (Source: ChainCatcher)
Kalshi Aims for $40 Billion Valuation in New Funding Round
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Summary
Kalshi is targeting a $40 billion valuation in its new funding round, with negotiations ongoing and a potential close in Q3 2026. The platform raised $10 billion in May 2026 at a $22 billion valuation, supported by major firms including Coatue and Sequoia. Trading volume reached $17 billion in May, up from under $5 billion a year ago, with 65% tied to sports betting. Funding rates remain a key focus as the platform scales.
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