Kalshi Raises $65 Billion Valuation
Kalshi aims to boost valuation to $65 billion with new funding round.
In brief
Kalshi aims to boost valuation to $65 billion with new funding round. Kalshi is raising private capital at a $65 billion valuation, 62.5% above its October $40 billion valuation, to accelerate prediction market growth and institutional adoption. Originally reported by Pymnts.
Kalshi Funding Talks
Kalshi is in talks to raise money at a $65 billion valuation, 62.5% above its October $40 billion valuation.
IPO Preparation
Kalshi decided to seek more private capital ahead of the anticipated IPO, citing market volatility as not the driver.
Funding Details
The October round was co-led by Wellington and Sequoia, with Sequoia also participating in a May round that valued Kalshi at $22 billion.
Growth Metrics
Kalshi’s monthly trading volume more than doubled from $40 billion in August to nearly $100 billion in October.
The one thing
Kalshi is raising private capital at a $65 billion valuation, 62.5% above its October $40 billion valuation, to accelerate prediction market growth and institutional adoption.
