Kalshi in talks to raise $1B at $40B valuation
- —New round would value Kalshi at about $40 billion, up from $22 billion in May
- —Company is seeking roughly $1 billion in fresh capital
- —Tiger Global and Dragoneer Investment Group are among new investors
- —Kalshi is expanding beyond prediction markets and weighing an eventual IPO
Why it matters: The higher valuation widens Kalshi's lead over Polymarket and intensifies scrutiny of prediction markets by US regulators.
Source: Digital Today