Kalshi Seeks $40 Billion Valuation in New Financing
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Kalshi is negotiating a new capital raise targeting a $40 billion valuation, with Sequoia Capital and Wellington Management in talks to co-lead the deal. Prediction market operator Kalshi is in negotiations to raise new capital at a valuation of approximately $40 billion, according to sources familiar with the matter. The proposed round would nearly double the valuation of $22 billion achieved in May 2026, when the firm secured $1 billion in Series F funding. Venture capital firm Sequoia Capital and investment manager Wellington Management are in discussions to co-lead the new funding round. The final size of the financing round has not been finalized yet. The funding talks follow a period of financial expansion for Kalshi, with the company reaching an annualized revenue figure exceeding $4 billion. Founded in 2018 by former traders Luana Lopes Lara and Tarek Mansour, the platform allows users to trade event contracts tied to economic decisions, political outcomes, and sporting events. Unlike crypto-native competitors, Kalshi operates as a federally regulated exchange under the US Commodity Futures Trading Commission ( CFTC ). Key aspects of its operational landscape include: Despite its federal regulatory standing, Kalshi faces growing legal scrutiny from local authorities across several US states regarding its sports offerings. More than 10 state jurisdictions have...
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