Kalshi seeks $750 million at a $40 billion valuation as DeepSeek and 1kx updates land

Kalshi is in talks with Sequoia Capital and Wellington Management to raise $750 million at a $40 billion valuation, pointing to continued investor appetite for prediction-market platforms. Separately, the developer preview v0.1 of DeepSeek Harness has opened for testing. In crypto, 1kx said first-half industry revenue declined 23% from a year earlier to $47 billion, underscoring pressure on sector earnings even as parts of the market continue to build.

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