The fundraising discussions, reported by the Financial Times, would mark a sharply higher valuation for the prediction market platform as investor interest in event-based trading grows.
Kalshi is in talks to raise fresh funding at a $40 billion valuation, the Financial Times reported. The move points to strong investor appetite for prediction markets, where users trade contracts tied to the outcome of real-world events. A deal at that level would underscore how rapidly private-market valuations can expand for platforms operating at the intersection of trading, forecasting and regulation.