Kalshi in talks for $750M round at $40B valuation
- —The valuation could rise from $22 billion to $40 billion — a gain of about 82%
- —Kalshi's annual revenue is approaching $4 billion on trading volume of about $178 billion
- —The platform holds 95% of the US prediction market under CFTC oversight
- —Competitor Polymarket is discussing a round at a valuation of about $15 billion
Why it matters: Rising prediction-market valuations show demand for event contracts, intensifying competition with Polymarket and shaping regulation of the sector.
Source: Crypto Briefing