Kalshi in talks to raise funds at $40B valuation Prediction market @Kalshi is reportedly in talks for a raise at around $40B - nearly double the $22B it hit just seven weeks ago, per the Financial Times, with the round potentially closing in Q3. That's about 8x its value from early 2025, and it's happening while the rest of crypto pulls back hard - Bitcoin is down roughly a third year-to-date. The fuel is real usage - $2B in annualized revenue, supercharged by the World Cup, which drove a record $5.1B in volume in its first week alone. Sports betting accounts for an estimated 90% of Kalshi's revenue, and 12+ US states are now suing, alleging it operates unlicensed sportsbooks. Kalshi argues it's a federally regulated exchange under exclusive CFTC jurisdiction - a fight widely expected to reach the Supreme Court. The $40B question is really two: how big can prediction markets get, and will regulators let them.

Some copycat sites outside of Polymarket even fake PnL numbers by using a capital "I" instead of a lowercase "l" in the URL. There aren't many people dumb enough to fall for that. right? 😂 Please tell me my PnL came from one of those fake websites too. Polymarket activity is publicly verifiable on-chain. Anyone can check wallets and market activity themselves instead of relying on screenshots or video The reason this kind of FUD spreads so quickly is probably because some KOLs are desperate for attention and engagement. Many of them have never actually placed a meaningful bet on a prediction market themselves, they just post screenshots and farm impressions

Kalshi eyes new raise at a $40B valuation, nearly double its mark from May, per @FT. Backers include Coatue, a16z, Sequoia, Morgan Stanley, Ark Invest. The prediction market platform outpaces Polymarket in valuation. Not financial advice. #Crypto #PredictionMarkets

🚨JUST IN: KALSHI SEEKS $40B VALUATION, NEARLY DOUBLING IN 2 MONTHS Kalshi is seeking new capital at $40 BILLION, up from the $22 BILLION it raised from Sequoia, a16z and Morgan Stanley in May. The deal widens Kalshi's lead over crypto-native rival Polymarket, which is seeking $15 BILLION. CEO Tarek Mansour also says the company is now weighing an IPO, though not before 2027.

Discovered the prediction platform 'PlayLimitless' through the FuturesHouse education session and World Cup cheering party ⚽️ I joined the free League of Legends prediction event, and after trying it out, I found the product clean and incredibly easy to use. Beyond esports, there are tons of diverse topics—so much fun to explore! 😄 #PlayLimitless

Polymarket token may never come. They might just go straight into an IPO alongside Kalshi.

Which prediction market has the market where I can bet that this won’t happen?

🔍 Answers Today's Questionnaires Which company going public in 2026 do you predict will achieve the highest market valuation?