Kalshi Seeks Funding at $65 Billion Valuation, Report Says
The prediction-market company is discussing a new private fundraising days after a round valued it at $40 billion, Bloomberg reported.
Key takeaways
- Kalshi is discussing a funding round at a $65 billion valuation, Bloomberg reported.
- The company’s October funding round valued it at $40 billion.
Kalshi is in talks to raise fresh funds at a $65 billion valuation, Bloomberg News reported Thursday. The discussions come days after a financing round valued the prediction-market company at $40 billion.
Bloomberg cited people familiar with the matter. The report said Kalshi had expected its previous fundraising to be its last before an anticipated initial public offering, but decided to seek more money in private markets.
Kalshi raised $1 billion in October in a round co-led by Sequoia and Wellington. The company was also seeking to expand beyond event contracts and compete more directly with traditional exchanges, according to the report.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
