Kalshi Seeks $40B Valuation Weeks After $1B Raise: FT

Prediction market Kalshi is in talks to raise fresh funds at a valuation of about $40 billion, the Financial Times reported, in a round that could close as soon as the third quarter. That would nearly double the $22 billion valuation Kalshi reached just last month, when it raised $1 billion from backers including Sequoia Capital, Andreessen Horowitz, Coatue, and Morgan Stanley.

The jump caps a vertiginous climb for Kalshi, which was worth around $5 billion in October 2025 and $11 billion by December.

Prediction Market Kalshi Boosts Valuation to $22 Billion With Fresh $1 Billion Investment

A public listing may follow. CEO Tarek Mansour told CNBC on Wednesday that Kalshi is "basically thinking about" an IPO, though not this year. "A company of our financial profile with the rate of growth that we're seeing, that sort of conversation has to happen," he said. The Information has reported that a listing is unlikely before late 2027 or 2028.

Kalshi has grown explosively, claiming to have achieved an annualized trading volume of $178 billion by April 2026, up 32x year-on-year. But the platform is also caught in an escalating legal fight between state and federal authorities over who h

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/options/articles/kalshi-seeks-40b-valuation-weeks-102847090.html)