Kalshi in advanced talks to raise $1B at $40B valuation with Tiger Global, Dragoneer
- —Valuation could jump from $22B to $40B, an 82% increase
- —Annualized trading volume tripled to $178B over six months
- —Institutional trading volume surged 800%
- —Annualized revenue tops $1.5B; Kalshi holds over 90% of US prediction market activity
Why it matters: Prediction markets are emerging as a distinct asset class, with capital flowing to regulated venues like Kalshi rather than offshore rivals such as Polymarket.
Source: Crypto Briefing